Post-UTME Economics 2011 Objective — Question 11
Question 11 of 12 from the Post-UTME Screening (Post-UTME) Economics 2011 Objective paper, with the correct answer and a full explanation.
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The supply curve would shift to the left if
- A. the weather is favorable
- B. the cost of production falls
- C. government policy is unfavourableCorrect
- D. technology improves
Explanation
Unfavourable government policy (e.g. new taxes/regulation) raises costs or restricts production, shifting supply left.
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