Post Utme Unilag 2017 Economics Question 7
Practice objective / multiple choice question 7 from the 2017 Post Utme Unilag Economics examination.
A government is considering a tax on a particular good to raise revenue. The demand function for the good is given by Q = 100 - 2P, and the supply function is given by Q = 2P - 10. If the government wants to raise revenue of ₦10,000,000, what is the optimal tax rate?
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About This Question
This is Post Utme Unilag 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.
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