Post Utme Veritas University 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_VERITAS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's government is considering a tax on a particular good. The demand curve for the good is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the government wants to raise ₦100 million in revenue, find the price at which the tax should be imposed.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Veritas University 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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