Post Utme Joseph Ayo Babalola University 2019 Economics Question 7
Practice objective / multiple choice question 7 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.
The government of Nigeria has introduced a policy to increase the production of rice in the country. The policy involves providing subsidies to farmers who produce rice. If the government provides a subsidy of ₦500 per bag of rice, and the price of rice is ₦2000 per bag, what is the new price of rice after the subsidy?
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This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 7. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.
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