WAEC Economics 2019 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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Which of the following factors is not a condition for a change in supply of a commodity?
- A. improved technology
- B. cost of production
- C. the price of the commodityCorrect
- D. Government tax policies
Explanation
A change in the price of the commodity itself causes a movement along the supply curve (change in quantity supplied), not a shift of the whole supply curve (change in supply), which is instead caused by technology, cost, or government policy.
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