Post Utme Osustech 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_OSUSTECH • 2021 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase the production of rice in the country. The policy includes providing subsidies to farmers, increa\sing the supply of fertilizers, and improving the transportation infrastructure. What is the likely effect of this policy on the price of rice in the short run?

Answer Options

A. The price of rice will increase in the short run.
Correct Answer B. The price of rice will decrease in the short run.
C. The price of rice will remain the same in the short run.
D. The price of rice will fluctuate in the short run.
Correct Answer
B
Correct Option:
The price of rice will decrease in the short run.

About This Question

This is Post Utme Osustech 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

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