Post Utme Ui 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Ui Economics examination.

Post Utme Ui 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_UI • 2022 • ECONOMICS • objective

A country's government imposes a tax on imports of a particular good. If the pre-tax price of the good is ₦100 and the tax rate is 20%, what is the new price of the good after the tax is imposed?

Answer Options

A. ₦80
Correct Answer B. ₦120
C. ₦100
D. ₦80
Correct Answer
B
Correct Option:
₦120

About This Question

This is Post Utme Ui 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Ui Economics examination.

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