Post Utme Redeemers University 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2025 Economics Objective / Multiple Choice
Question 7 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ECONOMICS • objective

A government is considering a tax on a particular good to reduce its consumption. If the demand for the good is given by Q = 100 - 2P and the supply is given by Q = 2P - 10, what is the optimal tax rate?

Answer Options

A. ₦10
Correct Answer B. ₦20
C. ₦30
D. ₦40
Correct Answer
B
Correct Option:
₦20

About This Question

This is Post Utme Redeemers University 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Redeemers University Economics examination.

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