Post Utme Unilorin 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Unilorin 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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