passwella.
Menu

WAEC Economics 2017 Question 10

Question 10

Theory of Supply

A rightward shift in the supply curve of a commodity is brought about by an increase in

  1. A.the level of technology.
  2. B.the price of the commodity.
  3. C.cost of production.
  4. D.taxation.
Show the answer and explanation

Answer: A (the level of technology.)

Explanation

Better technology lowers costs, so more is supplied at every price.