Post Utme Unilag 2024 Economics Question 6
Practice objective / multiple choice question 6 from the 2024 Post Utme Unilag Economics examination.
The government of a country has decided to implement a new tax on luxury goods to reduce income inequality. The tax rate is 20% of the price of the good. If a luxury good \costs ₦5000, what is the amount of tax paid by the consumer?
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About This Question
This is Post Utme Unilag 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.
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