Post Utme Achievers University 2024 Economics Question 3
Practice objective / multiple choice question 3 from the 2024 Post Utme Achievers University Economics examination.
The government of Nigeria has implemented a policy to increase the production of rice by 20% in the next year. If the current price of rice is ₦150 per ki\logram, and the demand for rice is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price, what will be the new price of rice?
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About This Question
This is Post Utme Achievers University 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.
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