Post Utme Veritas University 2019 Economics Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2019 Economics Objective / Multiple Choice
Question 25 POST_UTME_VERITAS_UNIVERSITY • 2019 • ECONOMICS • objective

A government is considering a budget with a total revenue of ₦1,500 and a total exp\enditure of ₦1,200. If the price elasticity of demand is 0.5, what is the fiscal policy?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Veritas University 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.

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