Post Utme Redeemers University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase agricultural production. The policy includes providing subsidies to farmers and investing in irrigation systems. What is the likely effect of this policy on the supply of agricultural products?

Answer Options

Correct Answer A. Increase in supply
B. Decrease in supply
C. No change in supply
D. Increase in demand
Correct Answer
A
Correct Option:
Increase in supply

About This Question

This is Post Utme Redeemers University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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