WAEC Economics 2021 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
12. A leftward shift in the supply curve for a commodity indicates
- A. an increase in quantity supplied.
- B. a decrease in supply.Correct
- C. a reduction in quantity supplied.
- D. an increase in supply.
Explanation
A shift of the entire supply curve to the left represents a decrease in supply (less is offered at every price).
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.