Post Utme Madonna University 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice
Question 33 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

The government of a country imposes a tariff of 20% on imported goods. If the price of the imported good is ₦100, what is the price paid by the consumer after the tariff is imposed?

Answer Options

A. ₦120
B. ₦120
Correct Answer C. ₦140
D. ₦160
Correct Answer
C
Correct Option:
₦140

About This Question

This is Post Utme Madonna University 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Madonna 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