Economics JAMB

One of the major factors that brings about changes in supply is?

A. market discrimination
B. availability of storage facilities
C. the cost of storage
D. incentives granted to workers

Correct Answer:

Option C – the cost of storage

Explanation

The available of facilities to store produced goods would affect the quantity of goods supplied to the market. Producers maybe willing to produce, but if there are no storage facilities to store the manufactured goods pending when the demand for it will arise, producers would cut down on production thereby affecting the quantity of goods supplied.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago