Post Utme Ui 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Ui Economics examination.

Post Utme Ui 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_UI • 2025 • ECONOMICS • objective

A farmer in Nigeria has two plots of land, one with a high-yielding crop and the other with a low-yielding crop. The farmer can only cultivate one plot per season. U\sing the concept of elasticity of demand, explain why the farmer may choose to cultivate the high-yielding crop.

Answer Options

Correct Answer A. The high-yielding crop has a higher price elasticity of demand, making it more profitable for the farmer to cultivate.
B. The high-yielding crop has a lower price elasticity of demand, making it less profitable for the farmer to cultivate.
C. The high-yielding crop has a higher income elasticity of demand, making it more profitable for the farmer to cultivate.
D. The high-yielding crop has a lower income elasticity of demand, making it less profitable for the farmer to cultivate.
Correct Answer
A
Correct Option:
The high-yielding crop has a higher price elasticity of demand, making it more profitable for the farmer to cultivate.

About This Question

This is Post Utme Ui 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Ui Economics examination.

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