Post Utme Bsu 2022 Economics Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Bsu Economics examination.

Post Utme Bsu 2022 Economics Objective / Multiple Choice
Question 15 POST_UTME_BSU • 2022 • ECONOMICS • objective

A country's agricultural sector is characterized by a downward-sloping supply curve. If the government imposes a price floor of 10, what is the likely effect on the quantity supplied?

Answer Options

A. Quantity supplied increases
Correct Answer B. Quantity supplied decreases
C. Quantity supplied remains the same
D. Quantity supplied becomes zero
Correct Answer
B
Correct Option:
Quantity supplied decreases

About This Question

This is Post Utme Bsu 2022 Economics Question 15. It is one of the objective questions from the 2022 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2022 Economics Questions More Post Utme Bsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support