A-LevelEconomicsThe macroeconomy9708/12 · Feb/Mar 2017 · Q191 Mark

How does a rise in the price of factors of production affect the aggregate supply (AS) curve?

Amove left along the AS curve

Bmove right along the AS curve

Cshift to the left of the AS curve

Dshift to the right of the AS curve

✓ Correct answer

C: shift to the left of the AS curve

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Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2017 Paper 1 Variant 2, question 19.

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