Post Utme Esut 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Esut Economics examination.

Post Utme Esut 2025 Economics Objective / Multiple Choice
Question 38 POST_UTME_ESUT • 2025 • ECONOMICS • objective

A government is considering a tax on a particular good. The supply curve for the good is given by the equation Q = 2P + 10, where Q is the quantity supplied and P is the price. If the government wants to raise revenue of ₦1000, what tax rate should it impose?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Esut 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.

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