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

Demand and supply curves — practice question

In the diagram, S1 shows the original market supply curve for good X. What might make the curve move to S2?

  • Aan increase in the price of a substitute good
  • Ban increase in the profitability of supplying good X
  • Can increase in the wage rates paid by good X suppliers
  • Dthe introduction of a specific tax on good X

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