Post Utme Pan Atlantic University 2018 Economics Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice
Question 33 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of agricultural products. The policy involves providing subsidies to farmers. If the subsidy is ₦100 per unit of agricultural product, and the price of the product is ₦200 per unit, what is the effect on the supply of agricultural products?

Answer Options

A. The supply of agricultural products will decrease
Correct Answer B. The supply of agricultural products will increase
C. The supply of agricultural products will remain unchanged
D. The effect on the supply of agricultural products is uncertain
Correct Answer
B
Correct Option:
The supply of agricultural products will increase

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 33. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.

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