Post Utme Crawford University 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

The Nigerian government has implemented a tax policy to increase revenue. The policy involves a 10% increase in the corporate tax rate. If the tax revenue is given by TR = 1000 + 0.5P, where P is the price, what is the effect of the policy on the tax revenue?

Answer Options

Correct Answer A. Increases
B. Decreases
C. Remains Cons\tant
D. Indeterminate
Correct Answer
A
Correct Option:
Increases

About This Question

This is Post Utme Crawford University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.

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