WAEC Economics 2011 Theory — Question 3
Question 3 of 25 from the West African Examinations Council (WAEC) Economics 2011 Theory paper, with the correct answer and a full explanation.
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1(c) State any three reasons which may cause an increase in the supply of rice.
Model answer
Increase in supply of rice means a rise in supply i.e. a rightward shift in the supply curve. Reasons: (i) increase in number of rice farmers, (ii) favourable weather or season, (iii) favourable government policy, (iv) low cost of input, such as fertilizer (any three).
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