Post Utme Redeemers University 2021 Economics Question 26
Practice objective / multiple choice question 26 from the 2021 Post Utme Redeemers University Economics examination.
The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy involves a 10% tax on all agricultural products sold in the market. U\sing the concept of elasticity of demand, determine the likely effect of this policy on the price of yam, a staple crop in Nigeria.
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About This Question
This is Post Utme Redeemers University 2021 Economics Question 26. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.
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