Post Utme Elizade University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of agricultural products. If the production of rice increases by 20% and the price of rice decreases by 10%, what is the effect on the consumer's surplus?

Answer Options

A. Increase by 10%
Correct Answer B. Decrease by 10%
C. Remain the same
D. Increase by 20%
Correct Answer
B
Correct Option:
Decrease by 10%

About This Question

This is Post Utme Elizade University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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