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

Question 26 :

• JAMB 2005

An increase in the quantity supplied of commodity suggests

A. A leftward shift of the supply curve
B. A rightward shift of the supply curve
C. A movement along the supply curve
D. An increase in elasticity of supply

Question 27 :

• JAMB 2008

If 100 units and units of commodity X are supplied at N80 at different times, it means that there is

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

Question 28 :

• JAMB 2008

An upward movement along the same supply curve results in

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

Question 29 :

• JAMB 2009

A decrease in supply without a corresponding change in demand will lead to

A. An increase in equilibrium price and a decrease in equilibrium quantity
B. A decrease in equilibrium price and an increase in equilibrium qantity
C. A decrease in equilibrium price and equilibrium quantity
D. An increase in equilibrium price and quantity

Question 30 :

• JAMB 2012

The supply of cocoa is influenced by

A. Seasonal conditions
B. The efficacy of fertilizer used
C. The demand for beverages
D. The availability of close substitutes