Post Utme Achievers University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Achievers University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Achievers University Economics examination.

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