WAEC Economics 2025 Objective — Question 12
Question 12 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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A rightward shift of the supply curve of cocoa implies that
- A. the price of cocoa has increased.
- B. subsidy on farm equipment has increased.Correct
- C. the weather condition has worsened.
- D. the number of farmers has reduced.
Explanation
A subsidy on farm equipment lowers production costs, encouraging more supply and shifting the supply curve rightward.
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