Post Utme Elizade University 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ECONOMICS • objective

The government has introduced a new policy to reduce poverty. The policy involves providing a subsidy to farmers to increase food production. What is the likely effect of this policy on the price of food?

Answer Options

A. Increase the price of food
Correct Answer B. Decrease the price of food
C. Have no effect on the price of food
D. Increase the supply of food
Correct Answer
B
Correct Option:
Decrease the price of food

About This Question

This is Post Utme Elizade University 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.

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