LEA – Agricultural Economics and Marketing Reviewer 2026

 

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#1. When there is a price ceiling on the price of crude oil

all of the above will take place

supply of crude oil decreases because of the lower price

quantity demanded will increase because of the low price

quantity supplied decreases because of the lower price

#2. Industries that are concerned with manufacturing of industrial services engaged in production with total assets of more than 5M but not exceeding 51 and an employment size of 5-99 workers is a

large-scale industry

small-scale industry

medium-scale industry

none of the above

#3. The equation C=20+ .90 Yd predicts that consumption is

100 when Yd is 90

90 when disposable income (Yd) is 100

110 when Yd is 100

180 when Yd is 200

#4. Which form of monopoly regulation is most advantageous for the consumer?

all of the above

price control

lump-sum tax

per-unit tax

#5. The equal to produce is the units in order to attain maximum profit

700

750

800

900

#6. Savings is an increasing function of

consumption

income

autonomous investments

all of the above

#7. It is concerned with controlling or influencing economic behavior or its consequences

Normative economics

Policy economics

Agricultural economics

Positive economics

#8. When there is a price floor on the price of palay

quantity supplied increases because of the high price

surplus of palay increases because of the higher price

quantity demanded will decrease because of the high price

all of the above will take place

#9. At a lower price, one can afford more of the good without giving up any alternative good is true for

all of the above

substitution effect

neither a nor b

income effect

#10. Because resources are limited, people must avoid___________ to prevent economics problems

priorities

extravagance

decisions

choices

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Prepare for the Licensure Examination for Agriculturists (LEA 2026) with our free reviewer designed to help you master the core subjects. This reviewer covers essential topics based on the exam’s Table of Specifications, making it a reliable guide for self-study.

Agriculture Board Exam Reviewer Topics 2026

Our reviewer is organized by major subject areas tested in the board exam, including:

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This structure ensures that you review all Agriculture board exam topics for 2026 systematically and efficiently.

LEA Reviewer Sample Questions 2026

Boost your readiness with LEA 2026 reviewer sample questions patterned after actual board exam items. These practice questions allow you to test your knowledge, identify weak areas, and gain confidence before exam day.

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