Post Utme Ksu 2018 Economics Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 18 POST_UTME_KSU • 2018 • ECONOMICS • objective

The government of Nigeria wants to increase agricultural production in the country. To achieve this, it plans to provide subsidies to farmers. If the supply of agricultural products is given by Q = 100 + 2P, where Q is the quantity supplied and P is the price, what will be the effect of the subsidy on the quantity supplied?

Answer Options

Correct Answer A. Increase in quantity supplied
B. Decrease in quantity supplied
C. No change in quantity supplied
D. Increase in price
Correct Answer
A
Correct Option:
Increase in quantity supplied

About This Question

This is Post Utme Ksu 2018 Economics Question 18. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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