Post Utme Ksu 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Ksu Economics examination.

Post Utme Ksu 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_KSU • 2022 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase the production of rice in the country. The policy involves providing subsidies to farmers who produce rice. If the government sp\ends ₦10 billion on subsidies and the price of rice increases by 20%, what is the total revenue generated by the government from the sale of rice?

Answer Options

A. ₦12 billion
B. ₦14 billion
Correct Answer C. ₦16 billion
D. ₦18 billion
Correct Answer
C
Correct Option:
₦16 billion

About This Question

This is Post Utme Ksu 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Ksu Economics examination.

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