Post Utme Pan Atlantic University 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of industrial goods. The policy involves providing incentives to manufacturers. If the incentive is ₦500 per unit of industrial product, and the price of the product is ₦1000 per unit, what is the effect on the demand for industrial products?

Answer Options

A. The demand for industrial products will decrease
Correct Answer B. The demand for industrial products will increase
C. The demand for industrial products will remain unchanged
D. The effect on the demand for industrial products is uncertain
Correct Answer
B
Correct Option:
The demand for industrial products will increase

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.

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