O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2019 · Q61 Mark

What can cause the supply curve for a product to shift to the right?

Aan increase in demand for the product

Ban increase in government subsidies to producers

Can increase in indirect taxes on the product

Dan increase in the costs of production

✓ Correct answer

B: an increase in government subsidies to producers

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 6.

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