Post Utme Uniport 2021 Economics Question 31
Practice objective / multiple choice question 31 from the 2021 Post Utme Uniport Economics examination.
The government of Nigeria has implemented a policy to increase the production of rice in the country. The policy includes providing subsidies to farmers and increa\sing the import duty on rice. Assuming the demand for rice is inelastic, what will be the effect of the policy on the domestic price of rice?
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About This Question
This is Post Utme Uniport 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Uniport Economics examination.
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