Post Utme Greenfield University 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A country imposes a tariff on imported goods to protect its domestic industry. What is the effect of this tariff on the domestic price of the good?

Answer Options

Correct Answer A. The domestic price increases
B. The domestic price decreases
C. The domestic price remains the same
D. The domestic price may increase or decrease dep\ending on the elasticity of demand
Correct Answer
A
Correct Option:
The domestic price increases

About This Question

This is Post Utme Greenfield University 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

View More Post Utme Greenfield University 2023 Economics Questions More Post Utme Greenfield University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support