Post Utme Rhema University 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A government is considering a tax on a particular good. The tax will increase the price of the good by 10% and reduce the quantity demanded by 5%. What is the elasticity of demand for this good?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 1.5
D. 2.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Rhema University 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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