Post Utme Wellspring University 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice
Question 26 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of rice in the country. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing the availability of fertilizers. Assuming that the policy is successful, what will be the effect on the supply of rice in the short run?

Answer Options

Correct Answer A. The supply of rice will increase in the short run.
B. The supply of rice will decrease in the short run.
C. The supply of rice will remain the same in the short run.
D. The effect on the supply of rice in the short run cannot be determined.
Correct Answer
A
Correct Option:
The supply of rice will increase in the short run.

About This Question

This is Post Utme Wellspring University 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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