Post Utme Skyline University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A country's government imposes a tax on imports of 10%. If the pre-tax price of the good is ₦100, what is the new price of the good after the tax is imposed?

Answer Options

A. ₦110
Correct Answer B. ₦120
C. ₦130
D. ₦140
Correct Answer
B
Correct Option:
₦120

About This Question

This is Post Utme Skyline University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support