Post Utme Summit University 2017 Economics Question 31
Practice objective / multiple choice question 31 from the 2017 Post Utme Summit University Economics examination.
The government of Nigeria has introduced a new policy to increase agricultural production. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing access to credit. However, the policy also includes a provision to increase the price of fertilizers by 20%. What is the likely effect of this policy on the demand for fertilizers in the short run?
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About This Question
This is Post Utme Summit University 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Summit University Economics examination.
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