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An increase in supply means that

Economics
WAEC 2020

An increase in supply means that

  • A. more is sold at different prices
  • B. more is sold at the same price
  • C. there is a leftward shift of the supply curve
  • D. there is a movement along the supply curve 
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Correct Answer: Option B
Explanation

 An increase in supply refers to the rise in the supply of a good or service at the same price or a rightward shift in the supply curve.

This means that producers plan to sell more of the goods at each possible price.


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