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1.3 Price determination in a competitive market

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Question 54

The diagram below shows a shift in the market supply curve for electric delivery vans from S1 S_1\,S1​ to S2S_2S2​.

Supply Curve Shift

Which of the following is most likely to have caused this shift?

A rise in the market price of electric delivery vans.

An increase in import tariffs on lithium-ion batteries.

A government subsidy granted to manufacturers of electric vans.

A reduction in the productivity of assembly line workers.

1.3 Price determination in a competitive market Questions

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