A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2010 · Q91 Mark
In 2008 a disease killed a significant number of sheep used to produce wool. How would the short-run effect be shown on a demand and supply diagram for wool?
Amovement down the existing supply curve
Bmovement up the existing supply curve
Cshift to the left of the supply curve
Dshift to the right of the supply curve
✓ Correct answer
C: shift to the left of the supply curve
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