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Thursday, 30 April 2026
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If the price of floor rises, then bread

If the price of floor rises, then bread
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Demand curve will shift to the left while supply curve will shift to the right
  • B Supply curve will shift to the left
  • C Supply curve will shift to the right
  • D Demand curve will shift to the right while supply curve remains unchanged
Correct Answer: Option B
Explanation:
if the cost of resources used to produce a good increases, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.

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