Post Utme Uniport 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Uniport Economics examination.

Post Utme Uniport 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNIPORT • 2017 • ECONOMICS • objective

A government in Nigeria imposes a tax of ₦10 on every unit of a good. If the price of the good is ₦20 and the quantity demanded is 50 units, what is the total tax revenue?

Answer Options

A. ₦500
Correct Answer B. ₦600
C. ₦700
D. ₦800
Correct Answer
B
Correct Option:
₦600

About This Question

This is Post Utme Uniport 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Uniport 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