O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2023 · Q61 Mark

What would cause the supply curve for an agricultural product to shift to the right?

Aan increase in the costs of production

Ban increase in the price of substitutes

Can increase in the price of the good

Dan increase in the productivity of farms

✓ Correct answer

D: an increase in the productivity of farms

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2023 Paper 1 Variant 3, question 6.

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