Post Utme Uniosun 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase the production of a specific good. 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 the good by 20%. What is the likely effect of this policy on the supply curve?

Answer Options

A. The supply curve will shift to the left
Correct Answer B. The supply curve will shift to the right
C. The supply curve will remain the same
D. The supply curve will shift downwards
Correct Answer
B
Correct Option:
The supply curve will shift to the right

About This Question

This is Post Utme Uniosun 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

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