The curves Do Do and SoSo are the demand and supply curves respectively. What happens…

Home » Past Questions » Economics » Jamb » 1983 » The curves Do Do and SoSo are the demand and supply curves respectively. What happens…
Economics JAMB 1983

The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?

  • The supply curve will shift from SoSo to S2S2 checkmark
  • The supply curve will shift from SoSo to S1S1
  • The supply curve will shift fromS 2S2 to S1S1
  • The supply curve will shift from S1S1 to SoSo
  • The demand curve will shift from DoDo to D1D1

The correct answer is: A

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment