Post Utme Lasu 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice
Question 7 POST_UTME_LASU • 2018 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of rice in the country. The policy includes providing subsidies to farmers and increa\sing the importation of rice seeds. What is the likely effect of this policy on the supply of rice in Nigeria?

Answer Options

Correct Answer A. Increase in supply
B. Decrease in supply
C. No change in supply
D. Increase in demand
Correct Answer
A
Correct Option:
Increase in supply

About This Question

This is Post Utme Lasu 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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