WAEC Economics 2021 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
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9. An increase in market supply is caused by the following factors except
- A. improvement in innovation and technology.
- B. an increase in the price of the commodity.Correct
- C. a reduction in cost of raw materials.
- D. a favourable weather condition.
Explanation
A price rise causes a movement along the supply curve (increase in quantity supplied), not a shift of the whole supply curve (increase in supply).
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