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ScotlandEconomicsQuick questions
Economics of the Market
Quick questions on Supply: the supply curve, shifts and determinants - SQA National 5 Economics
3short 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 the law of supply. [2 marks]
What is q2?Show answer
New technology lowers a firm's production costs. State whether supply shifts left or right. [1 mark]
What is q3?Show answer
Explain how an indirect tax on a good affects its supply curve. [2 marks]
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