The graph above shows - 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
correct option: c
There is a decrease in the quantity supplied if the quantity of the commodity supplied decrease as a result of a decrease in price.
From the graph, a decrease in the price of the commodity from P1 to P2 brought about a corresponding decrease in the quantity supplied from 100 to 50 units.
From the graph, a decrease in the price of the commodity from P1 to P2 brought about a corresponding decrease in the quantity supplied from 100 to 50 units.
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