The graph below represents _______
ECONOMICS
JAMB 2017
The graph below represents _______
- A. a decrease in quantity supplied
- B. an increase in supply
- C. a decrease in supply
- D. an increase in quantity supplied
Correct Answer: D. an increase in quantity supplied
Explanation
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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