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WAEC Economics 2025 Question 18

Question 18

Theory of Supply

A rightward shift of the supply curve of cocoa implies that

  1. A.subsidy on farm equipment has increased.
  2. B.the price of cocoa has increased.
  3. C.the number of farmers has reduced.
  4. D.the weather condition has worsened.
Show the answer and explanation

Answer: A (subsidy on farm equipment has increased.)

Explanation

Subsidies lower costs, so more is supplied at every price.