Post Utme Delsu 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_DELSU • 2023 • ECONOMICS • objective

The government of Nigeria has introduced a new policy aimed at increa\sing agricultural production. The policy includes the provision of fertilizers and seeds to farmers at a subsidized rate. If the government sp\ends ₦100,000 on fertilizers and seeds, and the price of fertilizers and seeds is reduced by 20%, what is the percentage increase in agricultural production?

Answer Options

A. 10%
B. 15%
Correct Answer C. 20%
D. 25%
Correct Answer
C
Correct Option:
20%

About This Question

This is Post Utme Delsu 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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