Cause : The Government has recently increased its taxes on petrol and diesel by about 10 percent. Which of the following can be a possible effect of the above cause ?

Cause : The Government has recently increased its taxes on petrol and

1.	Cause : The Government has recently increased its taxes on petrol and diesel by about 10 percent. Which of the following can be a possible effect of the above cause ?
Answer» The petroleum companies will reduce the prices of petrol and diesel by about 10 percent The petroleum companies will INCREASE the prices of petrol and diesel by about 10 percent The petroleum companies will increase the prices of petrol of diesel by about 5 percent The petrol pumps will STOP selling petrol and diesel till the TAXES are ROLLED back by the government Solution :The petroleum companies will increase the prices of petrol and diesel by about 10 percent.

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Cause : The Government has recently increased its taxes on petrol and diesel by about 10 percent. Which of the following can be a possible effect of the above cause ?

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