Post Utme Greenfield University 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 23 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

The government of a country imposes a tax on the importation of a good. The tax is ₦10 per unit of the good. If the price of the good before the tax is ₦50 per unit, and the quantity of the good demanded is 100 units, what is the total tax revenue collected by the government?

Answer Options

A. ₦1,000
B. ₦2,000
Correct Answer C. ₦3,000
D. ₦4,000
Correct Answer
C
Correct Option:
₦3,000

About This Question

This is Post Utme Greenfield University 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support