Post Utme Oau 2023 Economics Question 23
Practice objective / multiple choice question 23 from the 2023 Post Utme Oau Economics examination.
The government of Nigeria has introduced a new tax on luxury goods. The tax rate is 20% of the price of the good. If the price of a luxury good increases from ₦1000 to ₦1200, what is the percentage change in the tax revenue?
Answer Options
About This Question
This is Post Utme Oau 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.