Post Utme Igbinedion University 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

A government imposes a tax on a particular good. If the demand for the good is inelastic, what will happen to the price of the good?

Answer Options

Correct Answer A. The price will increase
B. The price will decrease
C. The price will remain unchanged
D. The price will be unaffected
Correct Answer
A
Correct Option:
The price will increase

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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