Post Utme Rsu 2024 Economics Question 21
Practice objective / multiple choice question 21 from the 2024 Post Utme Rsu 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. If the total revenue from the sale of agricultural products before the tax policy was ₦100 million, and the elasticity of demand for agricultural products is 0.5, what is the new revenue from the sale of agricultural products after the tax policy?
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About This Question
This is Post Utme Rsu 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.
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