Post Utme Mountain Top University 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ECONOMICS • objective

The Nigerian government implemented a policy to increase the production of rice in the country. What is the likely effect of this policy on the price of rice?

Answer Options

A. Increased price
Correct Answer B. Decreased price
C. No change in price
D. Uncertain effect on price
Correct Answer
B
Correct Option:
Decreased price

About This Question

This is Post Utme Mountain Top University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.

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