Post Utme Covenant University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

A country's agricultural sector is characterized by a high degree of price rigidity, which leads to a high degree of price stickiness. What is the likely effect of this price stickiness on the country's agricultural sector?

Answer Options

A. Increased production
Correct Answer B. Decreased production
C. Increased employment
D. Decreased employment
Correct Answer
B
Correct Option:
Decreased production

About This Question

This is Post Utme Covenant University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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