Post Utme Madonna University 2020 Economics Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice
Question 39 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of rice. The policy includes providing subsidies to farmers and increa\sing the import duty on rice. What is the likely effect of this policy on the domestic supply of rice?

Answer Options

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

About This Question

This is Post Utme Madonna University 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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