A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2013 · Q101 Mark
Firm Z is one of a number of firms producing televisions. What would cause firm Z's supply curve to shift to the left whilst the market supply curve for televisions shifts to the right?
AFirm Z benefits more from advances in technology than the other firms in the industry.
BFirm Z experiences a strike whilst more firms enter the industry.
CFirm Z passes on more of a tax to its customers than the other firms in the industry.
DFirm Z reduces its costs of raw materials whilst other firms in the industry lower their wage costs.
✓ Correct answer
B: Firm Z experiences a strike whilst more firms enter the industry.
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