Post Utme Afe Babalola University 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice

Question 25 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

The government of a country has decided to implement a policy to reduce the production of a particular good. Which of the following is a likely consequence of this policy?

Answer Options

A. The price of the good will increase.

B. The quantity demanded of the good will increase.

Correct Answer C. The quantity supplied of the good will decrease.

D. The production of the good will increase.

Correct Answer

Correct Option:

The quantity supplied of the good will decrease.

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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