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Economics Jamb Past QuestionsQuestions and Answers on The distinction between change in quantity supplied and change in supplyQuestion 11 :The quantity supplied of a commodity increases best when A. Production increases B. Demand increases C. Price of the commodity increases D. Population of the country increases E. More commodities are imported Question 12 :The quantity supplied of a commodity increases while A. Production incraases B. Demand increses C. Price of the commodity increases D. Population of the country increases E. More commodites are imported Question 13 :Which of the following is NOT a determinant of changes in supply? A. Changes in the cost of production B. Technical progress C. Weather D. Changes in the number of producers E. Changes in the number buyers Question 14 :Prohibiting the sale of lace materials in Nigeria would probably lead to? A. Increase supply of lace material in Nigeria B. Production of better quality lace abroad C. Lower price of lace material in Nigeria D. Higher price of lace material in Nigeria E. Increase income to all dealers of lace materials in Nigeria Question 15 :In this diagram, So So is the original supply curve while S1 S1 represent? A. A movement along a give supply curve B. An increase in supply C. Decrease in supply D. A perfect elastic supply curve E. An abnormal supply curve |
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