Post Utme Lead City University 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2017 Economics Objective / Multiple Choice

Question 37 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax on a commodity, leading to a decrease in its demand. If the demand curve is elastic, what will be the effect on the government's revenue?

Answer Options

A. Increase in revenue

Correct Answer B. Decrease in revenue

C. No change in revenue

D. Uncertain effect on revenue

Correct Answer

Correct Option:

Decrease in revenue

About This Question

This is Post Utme Lead City University 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Lead City University Economics examination.

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