The graph above represents _______
...The graph above represents _______
A decrease in quantity supplied
An increase in supply
A decrease in supply
An increase in quantity supplied
Correct answer is D
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.
The reduction in the value of a country’s currency in relation to the value of the currencies ...
In certain circumstances, a centrally planned economy adopts the rationing system because of ...
The reduction of high fertility rate is a measure in population control designed to make the ...
The types, sources and uses of government income are mainly concerned with ...
The demand curve for a normal good will shift to the left if ...
An outward shift of the production possibility curve shows that ...
Agricultural production in Nigeria could be improved through ...
A declining population is one in which the population is ...