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.
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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