The supply curve of a locally-produced good may shift to ...
The supply curve of a locally-produced good may shift to the right if
There is an increase in taxes on inputs
Government increases subsidies
Rural-urban migration is encouraged
The price of the commodity increases
Correct answer is D
One of the law of supply is, as price increases , the quantity demanded also increase due to the positive relationship. Therefore, an increase in price will shift the supply curve to the right.
The distribution of goods is said to be completed when it reaches the ...
Indigenization policy is a measure aimed at ...
The two major types of international trade are Bilateral trade and? ...
The main function of NNPC is to ...
Where a commodity takes an insignificant proportion of the consumer's income, demand for it will...
Which of the following is NOT a feature of economic underdevelopment of a country ...
The rate of exchange between a domestic and a foreign currency is defined as the ...