Post Utme Lasu 2018 Economics Question 36
Practice objective / multiple choice question 36 from the 2018 Post Utme Lasu Economics examination.
The government of Nigeria has introduced a new policy to increase agricultural production. The policy involves providing subsidies to farmers who use modern farming techniques. However, the policy also involves increa\sing the price of fertilizers to reflect their true market value. Assuming that the demand for fertilizers is perfectly inelastic, what will be the effect of the policy on the quantity of fertilizers sold?
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About This Question
This is Post Utme Lasu 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.
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