JAMB Economics 2020 Objective — Question 14

Question 14 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.

One of the major factors that brings about changes in supply is

A. market discrimination
B. availability of storage facilitiesCorrect
C. the cost of storage
D. incentives granted to workers

Explanation

The availability of storage facilities affects producers' willingness/ability to supply more of a good.

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