Post Utme Joseph Ayo Babalola University 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

The government of a country imposes a tax on a particular good, cau\sing the supply curve to shift from S to S'. If the demand curve remains unchanged, and the new equilibrium price is ₦120, find the tax rate.

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

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