Post Utme Abu 2019 Commerce Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Abu Commerce examination.

Post Utme Abu 2019 Commerce Objective / Multiple Choice
Question 26 POST_UTME_ABU • 2019 • COMMERCE • objective

In a market economy, the law of supply and demand determines the price of a commodity. However, the government may intervene to regulate prices to protect consumers. Which of the following is an example of government intervention in the market?

Answer Options

Correct Answer A. Price control
B. Subsidy
C. Tariff
D. Monopoly
Correct Answer
A
Correct Option:
Price control

About This Question

This is Post Utme Abu 2019 Commerce Question 26. It is one of the objective questions from the 2019 Post Utme Abu Commerce examination.

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