Post Utme Esut 2025 Economics Question 2
Practice objective / multiple choice question 2 from the 2025 Post Utme Esut Economics examination.
The government of Nigeria has implemented a policy to increase the production of rice in the country. The policy involves providing subsidies to farmers and increa\sing the import duty on rice. If the demand for rice is given by the equation \( Q_d = 100 - 2P \) and the supply of rice is given by the equation \( Q_s = 2P - 20 \), find the equilibrium price and quantity of rice in the market.
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This is Post Utme Esut 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.
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