The Distinction Between Change In Quantity Supplied And Change In Supply - Economics Jamb Past Questions and Answers

Question 6 :

• 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 7 :

• 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 8 :

• 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

Question 9 :

• JAMB 2015

If the quantity supplied of a commodity increases from 20 to 30 units when there is an increase in price from N4 to N5, the elasticity of supply is

A. 4
B. 1
C. 2
D. 5

Question 10 :

• JAMB 1979

One of the reason why the condition of supply of a commodity may change is

A. A change in real income
B. Changes in the technique of production
C. A change of fashion or taste
D. Change in population