JAMB Economics 2016 Objective — Question 15

Question 15 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2016 Objective paper, with the correct answer and a full explanation.

The graph above represents

A. a decrease in quantity supplied
B. an increase in supply
C. a decrease in supply
D. an increase in quantity suppliedCorrect

Explanation

The graph shows price rising from P1 to P2 with a corresponding increase in quantity supplied from Q1 to Q2 - i.e. an increase in quantity supplied.

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