JAMB - Economics (2000 - No. 41)

The supply of commodity II increasing from S 1 S 1 to S 2 S 2
Moves the price below OP 2
Leads to a fall in price from OP 1 to OP 2
Increases the price from OP 2 to OP 1
Moves the price to OP 1

Comments (0)

Advertisement