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1.3 Price determination in a competitive market

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Question 14

The diagram below shows the market for Good Y.

The market for Good Y with an increase in supply

Which one of the following would cause a rightward shift of the supply curve from S1 S_1\,S1​ to S2S_2S2​?

An increase in the price of a complementary good to Good Y

The introduction of a government subsidy for the production of Good Y

An increase in the wages of workers employed in the production of Good Y

A rise in the market price of Good Y

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market