Neco 2018 Economics Question 46

Practice objective / multiple choice question 46 from the 2018 Neco Economics examination.

Neco 2018 Economics Objective / Multiple Choice Easy Difficulty

Question 46 NECO • 2018 • ECONOMICS • objective

A per‑unit tax of ₦50 is imposed on sellers of a good. Explain qualitatively how the equilibrium price paid by buyers and the equilibrium quantity will be affected.

Correct Answer A. Equilibrium price paid by buyers rises, equilibrium quantity falls.

B. Equilibrium price paid by buyers rises, equilibrium quantity rises.

C. Equilibrium price paid by buyers falls, equilibrium quantity rises.

D. Equilibrium price paid by buyers falls, equilibrium quantity falls.

Correct Answer

Correct Option:

Equilibrium price paid by buyers rises, equilibrium quantity falls.

This is Neco 2018 Economics Question 46. It is one of the objective questions from the 2018 Neco Economics examination.

Difficulty level: Easy .

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