A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2014 · Q91 Mark
The diagram shows the supply curve of coffee in an economy. The market equilibrium is initially at point X, but a change moves it to point Y. What might explain this?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Aan increase in wages paid by producers of coffee
Bswitch in consumer tastes from coffee to tea
Can increase in the price of tea
Dtax imposed on coffee producers
✓ Correct answer
C: an increase in the price of tea
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