JAMB Economics 2012 Objective — Question 42

Question 42 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.

A change in the pump price of petrol in Nigeria has a direct effect on the

A. prices of consumer goods
B. prices of essential goods
C. cost of raw materials
D. cost of transportationCorrect

Explanation

The direct effect of increase in pump price of petrol in Nigeria is the cost of transportation which in turn affect consumer goods.

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