1. The effect of a fall in the price of an input on a commodity is to shift its

SSSCE 2003

Question 1 of 10

2. 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 is

WASSCE 2008

Question 2 of 10

3. If supply increases, price will fall unless

SSSCE 2001

Question 3 of 10

4. If supply is perfectly elastic, the changes in demand

SSSCE 2002

Question 4 of 10

5. When supply is elastic, it means the numerical measure of elasticity is

SSSCE 2006

Question 5 of 10

6. When the same resource is used to produce two or more goods, the goods are in

SSSCE 2004

Question 6 of 10

7. The backward bending labour supply curve means that

WASSCE 2008

Question 7 of 10

8. Supply of a commodity is not affected by the changes in

WASSCE 2011

Question 8 of 10

9. Which of the following factors affect the supply of oranges?

SSSCE 2004

Question 9 of 10

10. In the market period supply is

SSSCE 1996

Question 10 of 10