Post Utme Skyline University 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2024 Economics Objective / Multiple Choice

Question 19 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ECONOMICS • objective

A country's agricultural sector is characterized by a high degree of price inelasticity of demand. What is the likely effect of a government-imposed price ceiling on the agricultural sector?

Answer Options

A. Increased production and employment

Correct Answer B. Decreased production and employment

C. No effect on production and employment

D. Increased imports of agricultural products

Correct Answer

Correct Option:

Decreased production and employment

About This Question

This is Post Utme Skyline University 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Skyline University Economics examination.

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