Post Utme Rsu 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Rsu Economics examination.

Post Utme Rsu 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_RSU • 2024 • ECONOMICS • objective

A government is considering a tax on a particular good. The demand for the good is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the government wants to raise ₦1 billion in revenue, determine the optimal tax rate.

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Rsu 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.

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