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

Question 21 :

• JAMB 2000

Commodities I and II are

A. Competitive supply
B. Substitute supply
C. Joint supply
D. Derived supply

Question 22 :

• JAMB 2001

For a supply curve, an increase in the price of a commodity will result in?

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

Question 23 :

• JAMB 2001

A change in supply is best described as a?

A. Movement along the supply curve
B. Shift of the supply curve to the left or to the right
C. Shift of the supply curve to the left
D. Shift of the supply curve to the left

Question 24 :

• JAMB 2002

A shift in supply curve indicates that a different quantity will be supplied at each possible price because?

A. Consumers are willing to pay higher prices
B. Supply is facing competition
C. Other factors than price have changed
D. Price has changed

Question 25 :

• JAMB 2004

When there is a change from T to N, it implies that

A. Supply has increased
B. Quantity supplied has increased
C. Quantity demanded has increased
D. Price has fallen