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ScotlandEconomicsQuick questions
Economics of the Market
Quick questions on Theory of supply: the supply curve and its determinants - SQA Higher Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State whether each event causes a movement along, or a shift of, the supply curve for bread: (a) the price of bread rises; (b) wheat becomes more expensive; (c) bakeries adopt faster ovens. [3 marks]
What is q2?Show answer
Explain why a rise in the wages paid to factory workers would reduce the supply of cars. [3 marks]
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