Post Utme Lead City University 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective
Post Utme Lead City University 2018 Economics Question 2 diagram

The Nigerian government has implemented a policy to increase the production of rice in the country. The policy includes providing subsidies to farmers and investing in irrigation infrastructure. What is the likely effect of this policy on the supply of rice in the short run?

Answer Options

Correct Answer A. The supply of rice will increase
B. The supply of rice will decrease
C. The supply of rice will remain the same
D. The supply of rice will fluctuate
Correct Answer
A
Correct Option:
The supply of rice will increase

About This Question

This is Post Utme Lead City University 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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