Post Utme Futo 2019 Economics Question 11
Practice objective / multiple choice question 11 from the 2019 Post Utme Futo Economics examination.
The government of Nigeria has introduced a new policy to increase the production of rice in the country. The policy involves providing subsidies to rice farmers and increa\sing the import duty on rice. Assuming that the demand for rice is inelastic and the supply of rice is elastic, what will be the effect of the policy on the price of rice?
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About This Question
This is Post Utme Futo 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.
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