Post Utme Eksu 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_EKSU • 2024 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the scarcity of land. Assuming that the opportunity \cost of land is cons\tant, what is the effect of an increase in the price of land on agricultural output?

Answer Options

A. An increase in agricultural output
Correct Answer B. A decrease in agricultural output
C. No change in agricultural output
D. An increase in agricultural output in the short run but a decrease in the long run
Correct Answer
B
Correct Option:
A decrease in agricultural output

About This Question

This is Post Utme Eksu 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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