Post Utme Crawford University 2023 Economics Question 43

Practice objective / multiple choice question 43 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 43 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

A government imposes a tax on a good, which causes the supply curve to shift from S1 to S2. If the original equilibrium price is P1 = 10 and the new equilibrium price is P2 = 15, what is the tax rate?

Answer Options

Correct Answer A. 25%
B. 30%
C. 35%
D. 40%
Correct Answer
A
Correct Option:
25%

About This Question

This is Post Utme Crawford University 2023 Economics Question 43. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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