Post Utme Ksu 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 30 POST_UTME_KSU • 2018 • ECONOMICS • objective

The government of a country decides to implement a policy of price control to reduce inflation. However, this policy leads to a shortage of essential goods. Which of the following is a consequence of this policy?

Answer Options

A. Increased demand for essential goods
Correct Answer B. Reduced production of essential goods
C. Increased supply of essential goods
D. Decreased inflation rate
Correct Answer
B
Correct Option:
Reduced production of essential goods

About This Question

This is Post Utme Ksu 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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