WAEC Economics 2020 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.
Advertisement
An increase in supply means that
- A. more is sold at different prices
- B. more is sold at the same priceCorrect
- C. there is a leftward shift of the supply curve
- D. there is a movement along the supply curve
Explanation
An increase in supply (a rightward shift of the supply curve) means more quantity is offered for sale at the same price level.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.