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  5. An increase in suppl...

An increase in supply will lower price unless?

Economics
JAMB 1987
An increase in supply will lower price unless?
  • A. supply is perfectly inelastic
  • B. demand is perfectly inelastic
  • C. it is followed by an increase in demand
  • D. demand is highly inelastic
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Correct Answer: Option C
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now