Post Utme Delsu 2022 Economics Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 36 POST_UTME_DELSU • 2022 • ECONOMICS • objective

The government of a country decides to implement a policy of price control to reduce inflation. However, this policy may lead to a shortage of goods in the market. Which of the following is a possible consequence of this policy?

Answer Options

A. Increase in demand for goods
Correct Answer B. Decrease in supply of goods
C. Increase in prices of goods
D. Decrease in inflation rate
Correct Answer
B
Correct Option:
Decrease in supply of goods

About This Question

This is Post Utme Delsu 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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