WAEC Economics 2014 Theory — Question 4
Question 4 of 22 from the West African Examinations Council (WAEC) Economics 2014 Theory paper, with the correct answer and a full explanation.
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2(d). A change in supply means an increased or outward shift of the supply curve. State reasons that can cause a change in supply. (6 marks)
Model answer
A change in supply can be caused by: i. A change in the price of a related commodity ii. A change in technology iii. A change in the cost of factors of production iv. A change in the number of sellers v. A change in government policy vi. A change in weather conditions vii. Natural disasters
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