Post Utme Achievers University 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2020 Economics Objective / Multiple Choice
Question 13 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of rice by providing subsidies to farmers. What is the likely effect of this policy on the price of rice in the short run?

Answer Options

A. The price of rice decreases
Correct Answer B. The price of rice increases
C. The price of rice remains the same
D. The price of rice fluctuates
Correct Answer
B
Correct Option:
The price of rice increases

About This Question

This is Post Utme Achievers University 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Achievers University Economics examination.

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