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

Demand and supply curves — practice question

The world price of tea sold on wholesale international markets decreases. How is the supply curve of a major tea retailer most likely to be affected?

  • AIt will cause a contraction along the supply curve.
  • BIt will cause an extension along the supply curve.
  • CIt will cause the supply curve to shift to the left.
  • DIt will cause the supply curve to shift to the right.

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