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1.3.3 The determinants of the supply of goods and services
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Supply and the Law of Supply

Supply and the Law of Supply

Supply curves showing a leftward shift after an indirect tax and a rightward shift after improved technology

Supply is the relationship between the price of a good or service and the quantities that producers are willing and able to sell at different possible prices over a given period, other things being equal. Both willingness and ability are necessary, so supply is more than simply wanting to sell.

1.3.3 The determinants of the supply of goods and services Lesson

  1. A Level
  2. /Economics
  3. /1.3.3 The determinants of the supply of goods and services

Step-by-step lessons covering AQA A Level Economics 1.3.3 The determinants of the supply of goods and services for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.