Post Utme Madonna University 2025 Economics Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2025 Economics Objective / Multiple Choice
Question 18 POST_UTME_MADONNA_UNIVERSITY • 2025 • ECONOMICS • objective

A government imposes a tax of ₦10 per liter on a commodity. If the price elasticity of demand for the commodity is -2, what is the revenue generated from the tax?

Answer Options

A. ₦20 million
Correct Answer B. ₦30 million
C. ₦40 million
D. ₦50 million
Correct Answer
B
Correct Option:
₦30 million

About This Question

This is Post Utme Madonna University 2025 Economics Question 18. It is one of the objective questions from the 2025 Post Utme Madonna University Economics examination.

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