Post Utme Greenfield University 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

The government of a country decides to implement a policy of price control to reduce inflation. However, the policy leads to a shortage of goods in the market. What is the likely cause of the shortage?

Answer Options

Correct Answer A. The policy has reduced the supply of goods in the market.
B. The policy has increased the demand for goods in the market.
C. The policy has reduced the production \costs of goods in the market.
D. The policy has increased the prices of goods in the market.
Correct Answer
A
Correct Option:
The policy has reduced the supply of goods in the market.

About This Question

This is Post Utme Greenfield University 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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