Post Utme Veritas University 2021 Economics Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 26 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

The government of Nigeria has introduced a new policy aimed at increa\sing agricultural production. The policy involves providing subsidies to farmers who produce certain crops. If the government provides a subsidy of ₦100 per unit of a crop, and the market price of the crop is ₦200 per unit, what is the new price of the crop after the subsidy is provided?

Answer Options

A. ₦100
Correct Answer B. ₦150
C. ₦200
D. ₦250
Correct Answer
B
Correct Option:
₦150

About This Question

This is Post Utme Veritas University 2021 Economics Question 26. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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