The graph above represents - JAMB Economics 2017 Question
A
a decrease in quantity supplied
B
an increase in supply
C
a decrease in supply
D
an increase in quantity supplied
correct option: d
There is an increase in the quantity supplied if the quantity supplied increases as a result of an
increase in price of the commodity.
From the graph, an increase in the price of the commodity from p1 to p2 brought about a
corresponding increase in quantity supplied from q1 to q2.
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