The supply curve of a locally-produced good may shift to the right if

Economics

WAEC 2022

A. there is an increase in taxes on inputs
B. government increases subsidies
C. rural-urban migration is encouraged
D. the price of the commodity increases

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Correct Answer: Option D

Explanation

One of the law of supply is, as price increases , the quantity demanded also increase due to the posiive relationship. Therefore, an increase in price will shift the supply curve to the right.

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The supply curve of a locally-produced good may shift to the right if

Correct Answer: Option D

Explanation

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