Post Utme Unn 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice

Question 32 POST_UTME_UNN • 2018 • ECONOMICS • objective

A government imposes a tax on a good, cau\sing the supply curve to shift to the left. What will be the effect on the equilibrium price and quantity of the good?

Correct Answer A. The equilibrium price will increase, and the equilibrium quantity will decrease.

B. The equilibrium price will decrease, and the equilibrium quantity will increase.

C. The equilibrium price will remain unchanged, and the equilibrium quantity will decrease.

D. The equilibrium price will increase, and the equilibrium quantity will remain unchanged.

Correct Answer

Correct Option:

The equilibrium price will increase, and the equilibrium quantity will decrease.

This is Post Utme Unn 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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