The supply curve might shift inwards with less supplied at each price if:
A) There are less firms producing.
B) There are lower production costs.
C) The market price falls.
D) There is an improvement in the level of technology in the industry.
Correct Answer:
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Q1: If the supply curve is upward sloping
Q2: An increase in price will increase the
Q3: A supply curve shows:
A) How much people
Q4: The supply curve might shift outwards (i.e.
Q6: If the quantity supplied increases 20% when
Q7: If the price elasticity of supply is
Q8: If the price elasticity of supply is
Q9: If a 20% increase in price leads
Q10: If price increases from 10 pence to
Q11: Which of the following would not influence
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