A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2024 · Q61 Mark
The graph shows the demand and supply curves for an industry. [Figure 6.1] What would cause a shift in the supply curve from S₁ to S2?
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 the number of firms in the industry
Ban increase in the number of workers employed
Can increase in the productivity of the workforce
Dan increase in the wage rates paid to workers
✓ Correct answer
D: an increase in the wage rates paid to workers
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