Post Utme Crawford University 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of rice. What is the expected effect on the price of rice?

Answer Options

A. Increase in price
Correct Answer B. Decrease in price
C. No change in price
D. Uncertainty in price
Correct Answer
B
Correct Option:
Decrease in price

About This Question

This is Post Utme Crawford University 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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