NECO Economics 2022 Objective — Question 10
Question 10 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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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 subsidiesCorrect
- C. rural-urban migration is encouraged
- D. the price of the commodity increases
Explanation
An increase in government subsidies (financial assistance) to producers increases production and shifts the supply curve rightward.
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