Post Utme Nile University 2020 Economics Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax of ₦10 on a product. If the demand function for the product is given by q = 100 - 2p and the supply function is given by q = 2p - 10, what is the new tax revenue?

Answer Options

Correct Answer A. ₦200
B. ₦300
C. ₦400
D. ₦500
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Nile University 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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