Post Utme Ksu 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_KSU • 2024 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase the production of rice. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing access to credit. However, the policy also includes a provision to increase the price of rice by 15%. If the current price of rice is ₦500 per ki\logram, what will be the new price after the increase?

Answer Options

Correct Answer A. ₦575
B. ₦550
C. ₦525
D. ₦500
Correct Answer
A
Correct Option:
₦575

About This Question

This is Post Utme Ksu 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

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