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

Question 6:

• JAMB 2019

An upward movement along the same supply curve result in_____________

A. A decrease in price
B. An increase
C. An increase in quantity supplied
D. A decrease In quantity supplied

Question 7:

• JAMB 2017

The graph above shows;

A. A decrease in quantity supplied
B. An increase in supply
C. A decrease in supply
D. An increase in quantity

Question 8:

• JAMB 2017

The graph above represents _______

A. A decrease in quantity supplied
B. An increase in supply
C. A decrease in supply
D. An increase in quantity supplied

Question 9:

• JAMB 2016

What effect would a change in price of a commodity have on its supply?

A. An increase in supply
B. No change in supply
C. A decrease in supply
D. A change in the quantity supplied

Question 10:

• JAMB 2015

Given that the prices and quantities supplied in litres of petrol is expressed as Qs = 25 + 0 25P.Qs is the quantity supplied and P is price. Determine the quantity supplied when price per litre is N30

A. 50litres
B. 32.5litres
C. 30litres
D. 35litres