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1.3 Price determination in a competitive market

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Question 53

The diagram below shows the market for green hydrogen.

The supply and demand for green hydrogen

The shift of the supply curve from S1 S_1\,S1​ to S2 S_2\,S2​ is most likely to have resulted from

a national marketing campaign that successfully shifts consumer preferences toward zero-emission transportation.

an increase in the price of electricity used to power the water electrolysis process.

the introduction of a new government subsidy paid directly to green hydrogen producers.

a rise in the corporate tax rate applied to clean-energy technology firms.

1.3 Price determination in a competitive market Questions

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