CE 200 Principles Of Micro Economics Exam 2022
About this paper
CE 200: Principles of Microeconomics 2021/2022 exam (HND Level 200), Higher Institute of Business Management and Technology (HIBMAT): price elasticity of demand.
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HUIB (HIBMAT) Buea
Principles Of Micro Economics
Exam · First Semester · Level 200
From this paper
- 5.
The price of Petroleum product is raised from 570 FCFA to 650 FCFA per liter with the price elasticity of demand and price elasticity of supply being 1.5 and 3.5 respectively. How much additional tax per unit will a consumer pay per liter of petrol? A. 24 FCFA B. 56 FCFA C. 80 FCFA D. 120 FCFA
- 6.
Which of the following option will the Government use to best control the consumption of harmful goods? A. Ban B. Minimum price control C. Maximum price control D. Taxes
At a glance
- Course code
- CE200 (CE 200)
- Type
- Exam
- Year
- 2022
- Level
- Level 200
- Semester
- First Semester
- Proposed solution
- Included
Where it's from
University
HUIB (HIBMAT) Buea
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