Meaning and determinants of supply - Jamb Economics Past Questions and Answers

Question 46:

• JAMB 2012

Fixing price above equilibrium will cause

A. Demand and supply to remain constant
B. An increase in quantity supplied
C. An increase in supply
D. A decrease in quantity supplied

Question 47:

• JAMB 2013

One of the major factors that brings about changes in supply is

A. Market discrimination
B. Availability of storage facilities
C. The cost of storage
D. Incentives granted to workers