Waec Model Questions Vol1 2025 Agricultural Science Question 43
Practice objective / multiple choice question 43 from the 2025 Waec Model Questions Vol1 Agricultural Science examination.
A farmer sells 1 000 kg of tomatoes at N200 per kg. The price elasticity of demand for tomatoes is -0.4. The government imposes a per‑kg tax of N30, which the farmer passes on to consumers by raising the selling price by N30. Assuming the only effect of the price increase is a change in quantity demanded given by the elasticity, calculate the change in the farmer's profit (in Naira) after the tax is imposed. The farmer's cost of production is N120 per kg.
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This is Waec Model Questions Vol1 2025 Agricultural Science Question 43. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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