A shift to the left of the supply curve for a good or service would most likely be caused by
a reduction in the rate of indirect tax on the product.
an increase in the productivity of the workforce.
a rise in the cost of raw materials used in production.
a fall in the market price of the good itself.
256 exam-style questions on AQA A Level Economics 1.3 Price determination in a competitive market, covering 1.3.1 The determinants of the demand for goods and services, 1.3.2 Price, income and cross elasticities of demand, 1.3.3 The determinants of the supply of goods and services, 1.3.4 Price elasticity of supply, 1.3.5 The determination of equilibrium market prices, and 1.3.6 The interrelationship between markets. Each one has a worked solution and a mark scheme showing where the marks go.