Factors Leading to a Change in Supply (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What causes a shift in the supply curve rather than a movement along it?
What causes a shift in the supply curve rather than a movement along it?
A change in production costs
How does an increase in production costs affect the supply curve?
How does an increase in production costs affect the supply curve?
Shifts left (S to S₂)
What is the typical effect of introducing new technology on supply?
What is the typical effect of introducing new technology on supply?
Shifts supply curve right
How do indirect taxes affect the supply curve?
How do indirect taxes affect the supply curve?
Shift it left as costs rise
What effect do government subsidies have on supply?
What effect do government subsidies have on supply?
Shift supply right
Why did Tata Chemicals close its Northwich factory in 2013?
Why did Tata Chemicals close its Northwich factory in 2013?
Rising gas prices cut profitability
What shape is the supply curve when supply is completely fixed?
What shape is the supply curve when supply is completely fixed?
Vertical line
How does supply responsiveness differ between short and long term?
How does supply responsiveness differ between short and long term?
More flexible long-term
What happened to UK VAT in January 2011?
What happened to UK VAT in January 2011?
Increased from 17.5% to 20%
What determines how tax burden is shared between consumers and producers?
What determines how tax burden is shared between consumers and producers?
Price elasticity of demand