Post Utme Veritas University 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_VERITAS_UNIVERSITY • 2023 • ECONOMICS • objective
Post Utme Veritas University 2023 Economics Question 9 diagram

A country's government imposes a tax on a particular good, cau\sing the supply curve to shift to the left. What is the effect on the equilibrium price and quantity of the good?

Answer Options

Correct Answer A. The equilibrium price and quantity decrease.
B. The equilibrium price increases, and the quantity decreases.
C. The equilibrium price and quantity remain unchanged.
D. The equilibrium price decreases, and the quantity increases.
Correct Answer
A
Correct Option:
The equilibrium price and quantity decrease.

About This Question

This is Post Utme Veritas University 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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