Economics
JAMB 2025
The market supply curve slopes upwards from left to right indicating that
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A.
two commodities can be supplied at the same time
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B.
producers pay high taxes
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C.
at a lower price, more is supplied
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D.
at a lower price, less is supplied
Correct Answer: Option D
Explanation
The market supply curve slopes upwards from left to right indicating that at a lower price, less is supplied. This is because
suppliers are willing to supply more of a good at a higher price than at a lower price, hence the upward slope of the supply curve.
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