Waec Model Questions Vol1 2022 Economics Question 35
Practice objective / multiple choice question 35 from the 2022 Waec Model Questions Vol1 Economics examination.
A specific tax of ₦20 per unit is imposed on a good. The price elasticity of demand for the good is -0.8 and the price elasticity of supply is 0.5. What amount of the tax (in ₦, rounded to two decimal places) is borne by consumers per unit?
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About This Question
This is Waec Model Questions Vol1 2022 Economics Question 35. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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