Post Utme Oau 2019 Economics Question 6
Practice objective / multiple choice question 6 from the 2019 Post Utme Oau Economics examination.
The government of Nigeria has introduced a new policy to increase the production of rice in the country. The policy involves providing subsidies to rice farmers and increa\sing the import duty on rice. Assuming that the demand for rice is inelastic, what will be the effect of this policy on the domestic price of rice?
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About This Question
This is Post Utme Oau 2019 Economics Question 6. It is one of the objective questions from the 2019 Post Utme Oau Economics examination.
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