Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics AQA
  3. Question bank

1.3 Price determination in a competitive market

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354
Question 30

The diagram below illustrates the market for Arabica coffee beans, where the supply curve shifts from S1 S_1\,S1​ to S2S_2S2​.

Market for Arabica Coffee Beans

All other things being equal, which of the following is most likely to have caused the shift in the supply curve from S1 S_1\,S1​ to S2S_2S2​?

An increase in the market price of Arabica coffee beans.

A technological breakthrough in harvesting machinery that lowers production costs.

An increase in the market price of cocoa, where cocoa and Arabica coffee are in competitive supply.

A successful marketing campaign that increases consumer preference for Arabica coffee.

1.3 Price determination in a competitive market Questions

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