Post Utme Unilag 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

The government of Nigeria has introduced a policy to increase the production of rice in the country. The policy includes providing subsidies to farmers and increa\sing the supply of fertilizers. 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 Unilag 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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