Post Utme Uniben 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of rice in the country. What is the likely effect of this policy on the price of rice?

Answer Options

A. The price of rice will increase.
Correct Answer B. The price of rice will decrease.
C. The price of rice will remain the same.
D. The price of rice will fluctuate.
Correct Answer
B
Correct Option:
The price of rice will decrease.

About This Question

This is Post Utme Uniben 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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