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JAMB Economics 2017 Paper
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© africaexams.com
Question : 9
Total: 50
The graph above represents _______
a decrease in quantity supplied
an increase in supply
a decrease in supply
an increase in quantity supplied
Validate
Solution:
There is an increase in the quantity supplied if the quantity supplied increases as a result of an
increase in price of the commodity.
From the graph, an increase in the price of the commodity from p1 to p2 brought about a
corresponding increase in quantity supplied from q1 to q2.
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