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O-LevelEconomicsThe allocation of resources2281/12 · May/June 2014 · Q41 Mark

A supply curve shows the link between the quantity supplied and

Ademand.

Bequilibrium output.

Cthe price of the product.

Dthe scale of production.

✓ Correct answer

C: the price of the product.

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About this question

Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2014 Paper 1 Variant 2, question 4.

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