The Theory 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 2019

The coefficient of the price elasticity of supply is always_____________

A. Constant
B. Zero
C. Positive
D. Negative

Question 8:

• JAMB 2019

When a variable is associated with time period, it is_____________

A. Circular
B. A flow
C. Static
D. A stock

Question 9:

• 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 10:

• 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