Trending Questions |
Economics Jamb Past QuestionsQuestions and Answers on The distinction between change in quantity supplied and change in supplyQuestion 1 :A demand which gives rise to the reverse of the law of demand is__________ A. Derived demand B. Joint demand C. Abnormal demand D. Composite demand Question 2 :Supply is________ A. A stock B. A Flow C. Constant D. A table Question 3 :A rise in the supply of a commodity cause__________ A. An increase in the equilibrium price and decrease in the equilibrium quantity bought and sold B. An increase in both equilibrium C. A decrease in the equilibrium price and an increase in the equilibrium quantity bought and sold D. A decrease in both equilibrium Question 4 :When of the following matters may account for changes in supply? I - technological advances in an industry II - changes in labour costs III - changes in source of supply IV - changes in levels of taxation A. I, II B. I, III C. II, III, IV D. I, II, III, IV Question 5 :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 |
|
| ||||||
Disclaimer All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy |