Multiple choice

Directions: Choose the option that is not an effect of the given cause.Cause: A Company has decided to increase the price of all its products to tackle its precarious financial position. Which of the following cannot be a possible effect of the above cause?

  1. People will still buy the company's products.

  2. People may or may not buy the company's products.

  3. The general commodity prices will increase.

  4. The company will withdraw the increase in price after few months.

  5. All of these can be the effects.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The statement talks about one company that has increased its prices. Why will the prices of other commodities increase unless the product is monopolistic or of national importance?

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