Home » Economics-Supply (SSSCE/WASSCE) 1. The effect of a fall in the price of an input on a commodity is to shift itsSSSCE 2003 supply curve to the rightdemand curve to the leftsupply curve to the leftdemand curve to the rightQuestion 1 of 102. The supply of commodity is represented by the function Qs = 35 + 3/4p. At a supply level of 50 units the price of the commodity in dollar isWASSCE 2008 9203512Question 2 of 103. If supply increases, price will fall unlessSSSCE 2001 demand is perfectly elasticdemand is highly inelasticdemand and supply are inelasticdemand is perfectly inelasticQuestion 3 of 104. If supply is perfectly elastic, the changes in demandSSSCE 2002 have no effect on pricecan cause price to fallcan stabilize pricecan cause price to increaseQuestion 4 of 105. When supply is elastic, it means the numerical measure of elasticity isSSSCE 2006 equal to zeroless than zerogreater than oneless than oneQuestion 5 of 106. When the same resource is used to produce two or more goods, the goods are inSSSCE 2004 joint supplyjoint demandcompetitive supplycompetitive demandQuestion 6 of 107. The backward bending labour supply curve means thatWASSCE 2008 the quantity of labour demanded increases.as wage rate increases, the quantity of labour supplied rises.as wage rate increases, the quantity of labour supplied falls.the quantity of labour supplied has reached a maximum.Question 7 of 108. Supply of a commodity is not affected by the changes inWASSCE 2011 weathertimeincometechnologyQuestion 8 of 109. Which of the following factors affect the supply of oranges?SSSCE 2004 The gestation periodLevel of incomeTaste of consumersPrice of other fruitsQuestion 9 of 1010. In the market period supply isSSSCE 1996 inelasticstableelasticunstableQuestion 10 of 10 Loading... Share this:Click to share on WhatsApp (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)
