The supply of commodity II increasing from S 1 S 1 to S 2 S

ECONOMICS
JAMB 2000

The supply of commodity II increasing from S 1 S 1 to S 2 S 2

  • A. Moves the price below OP 2
  • B. Leads to a fall in price from OP 1 to OP 2
  • C. Increases the price from OP 2 to OP 1
  • D. Moves the price to OP 1

Correct Answer: B. Leads to a fall in price from OP 1 to OP 2



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