Post Utme Veritas University 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 19 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax on a good, which increases its price by 20%. What is the effect on the quantity demanded of the good?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Veritas University 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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