A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2021 · Q61 Mark
What could cause a shift in the supply curve of good X and a movement along its supply curve?
Ashift in the supply curve: a change in demand for good X; movement along the supply curve: an increase in the price of a substitute good
Bshift in the supply curve: a decrease in factor productivity; movement along the supply curve: the imposition of a tax on good X
Cshift in the supply curve: an increase in the price of a complementary good; movement along the supply curve: an increase in factor productivity
Dshift in the supply curve: an increase in the wage rates in the industry; movement along the supply curve: a change in demand for good X
✓ Correct answer
D: shift in the supply curve: an increase in the wage rates in the industry; movement along the supply curve: a change in demand for good X
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The price system and the microeconomy and see which topics are most likely to come up next.
Sign up free →