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JAMB Economics 2005 Question 23

Question 23

Theory of Supply

An increase in the quantity supplied of a commodity suggests

  1. A.a leftward shift of the supply curve
  2. B.a rightward shift of the supply curve
  3. C.a movement along the supply curve
  4. D.an increase in elasticity of supply
Show the answer and explanation

Answer: C (a movement along the supply curve)

Explanation

A change in quantity supplied is caused by a change in the good's own price and is a movement along the supply curve.