Post Utme Rsu 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice
Question 16 POST_UTME_RSU • 2017 • ECONOMICS • objective

The government of a country decides to implement a policy of price control to regulate the prices of essential commodities. Which of the following is a likely consequence of this policy?

Answer Options

A. Increased supply of essential commodities
B. Decreased demand for essential commodities
Correct Answer C. Black market for essential commodities
D. Increased government revenue
Correct Answer
C
Correct Option:
Black market for essential commodities

About This Question

This is Post Utme Rsu 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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