Post Utme Esut 2019 Economics Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 15 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A government imposes a tax on a commodity, which increases its price by 20%. What will be the effect on the quantity demanded of the commodity?

Answer Options

A. The quantity demanded will increase by 20%
Correct Answer B. The quantity demanded will decrease by 20%
C. The quantity demanded will remain the same
D. The quantity demanded will increase by 10%
Correct Answer
B
Correct Option:
The quantity demanded will decrease by 20%

About This Question

This is Post Utme Esut 2019 Economics Question 15. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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