Post Utme Noun 2023 Economics Question 46

Practice objective / multiple choice question 46 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice

Question 46 POST_UTME_NOUN • 2023 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of a particular good. The policy has led to an increase in the price of the good, which has resulted in a decrease in the quantity demanded. U\sing the concept of supply and demand, explain why the government's policy has led to a decrease in the quantity demanded.

Answer Options

A. The government's policy has led to a decrease in the quantity demanded because the supply curve has shifted to the right, resulting in a decrease in the quantity demanded.

B. The government's policy has led to a decrease in the quantity demanded because the demand curve has shifted to the left, resulting in a decrease in the quantity demanded.

C. The government's policy has led to a decrease in the quantity demanded because the supply curve has shifted to the left, resulting in a decrease in the quantity demanded.

D. The government's policy has led to a decrease in the quantity demanded because the demand curve has shifted to the right, resulting in a decrease in the quantity demanded.

Correct Answer

N/A

About This Question

This is Post Utme Noun 2023 Economics Question 46. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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