Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

The diagram illustrates a change in a firm’s supply curve from S1 to S2. What may have led to the shift from S1 to S2?

  • Aa decrease in the costs of production of the firm
  • Ba decrease in the popularity of the firm’s product
  • Ca decrease in the subsidy on the good
  • Da decrease in the tax on the good

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