Post Utme Madonna University 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A government imposes a tax on a good, cau\sing the supply curve to shift to the left. If the original equilibrium price is ₦100 and the new equilibrium price is ₦120, what is the tax revenue?

Answer Options

A. ₦2,000
B. ₦4,000
Correct Answer C. ₦6,000
D. ₦8,000
Correct Answer
C
Correct Option:
₦6,000

About This Question

This is Post Utme Madonna University 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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