Supply curves - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2009

A supply curve is positively sloped because

A. Supply always exceeds demand
B. Demand always exceeds supply
C. Price is an incentive to consumers
D. Price is an incentive to producers

Question 7:

• JAMB 2010

A set of factors that can shift the supply curve are changes in

A. Weather, price and technology
B. Technology, weather and population
C. Technology, price and taste
D. Population, price and taste