Post Utme Unn 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNN • 2021 • ECONOMICS • objective

A government imposes a tax of ₦50 on a good that is sold at ₦100. If the demand for the good is elastic, what is the effect on the equilibrium quantity?

Answer Options

A. Increase in quantity
Correct Answer B. Decrease in quantity
C. No change in quantity
D. Increase in price
Correct Answer
B
Correct Option:
Decrease in quantity

About This Question

This is Post Utme Unn 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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