Post Utme Ims U 2022 Economics Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 10 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A government is considering implementing a tax on a particular good. The tax will increase the price of the good by 20%. The demand for the good is given by Q = 100 - 2P. What is the government's revenue from the tax?

Answer Options

A. ₦20,000
Correct Answer B. ₦40,000
C. ₦60,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Ims U 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Ims U 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