Post Utme Eksu 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 2021 • ECONOMICS • objective

The government of Nigeria has introduced a new policy aimed at promoting industrialization in the country. The policy includes a 20% tariff on all imported goods. If the price of a good imported from abroad is ₦500 per unit, what is the price of the good in the domestic market?

Answer Options

A. ₦500
B. ₦600
Correct Answer C. ₦700
D. ₦800
Correct Answer
C
Correct Option:
₦700

About This Question

This is Post Utme Eksu 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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