Economics 0455 · IGCSE · Supply

Supply — practice question

The table gives the supply of a product at different prices. If the price rises from $12$ to $14$, what change will occur in supply?

  • ASupply will contract by $40$ units and there will be a movement down along the supply curve.
  • BSupply will contract by $200$ units and there will be an inward shift of the supply curve.
  • CSupply will extend by $40$ units and there will be a movement up along the supply curve.
  • DSupply will extend by $200$ units and there will be an outward shift of the supply curve.

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