Post Utme Aaua 2021 Economics Question 4
Practice objective / multiple choice question 4 from the 2021 Post Utme Aaua Economics examination.
The government of Nigeria has implemented a policy to increase the production of agriculture. The policy involves providing subsidies to farmers and increa\sing the import duty on agricultural products. The supply and demand curves for agricultural products are given by the equations ( S(p) = 100 - 2p ) and ( D(p) = 50 + 3p ) respectively. If the government wants to increase the production of agriculture, what should be the optimal price of agricultural products?
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About This Question
This is Post Utme Aaua 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.
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