Question on: JAMB Economics - 2022
The supply curve of a locally-produced good may shift to the right if
A
there is an increase in taxes on inputs
B
government increases subsidies
C
rural-urban migration is encouraged
D
the price of the commodity increases
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Correct Option: D
Option D is the correct answer.Â
Because of positive relationship, as the price increases, so do the quantity demanded rises as well which is one of the laws of supply. As a result, an increase in price will cause the the supply curve to move to the right.Â
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