Post Utme Greenfield University 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ECONOMICS • objective

A government is considering a policy of taxation to reduce the consumption of a particular good. If the demand for the good is given by Qd = 100 - 2P and the government wants to reduce consumption by 10%, what is the optimal tax rate?

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 Greenfield University 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.

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