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ECONOMICS

JAMB 2000 - Question 12

Economics 2000 JAMB Past Questions - Question 12: The supply of commodity II increasing from S(sub,1) S(sub,1) to S(sub,2)S(sub,2)

Choose the most appropriate option for the gap .

The supply of commodity II increasing from S(sub,1) S(sub,1) to S(sub,2)S(sub,2)

A: leads to a fall in price from OP(sub,1) to OP(sub,2)

B: moves the price below OP(sub,2)

C: increases the price from 0(sup,2)P(sub,2)to OP(sub,1)

D: moves the price to OP(sub,1)

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ECONOMICS

Economics 2000 JAMB Past Questions - Question 12: The supply of commodity II increasing from S(sub,1) S(sub,1) to S(sub,2)S(sub,2)

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Correct Answer

Explanation