33:I[196793,["/_next/static/chunks/3i37-bb_gc2w_.js?dpl=nogit-1792179282","/_next/static/chunks/2_6olli-sutu3.js?dpl=nogit-1792179282","/_next/static/chunks/0z347qy8pf1j3.js?dpl=nogit-1792179282","/_next/static/chunks/02eggfg7vwd9q.js?dpl=nogit-1792179282","/_next/static/chunks/2w4kwgresczw5.js?dpl=nogit-1792179282","/_next/static/chunks/2xa0kylife8l8.js?dpl=nogit-1792179282","/_next/static/chunks/2lsi6eli88uwt.js?dpl=nogit-1792179282","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1792179282","/_next/static/chunks/3nuk25nk7d14i.js?dpl=nogit-1792179282","/_next/static/chunks/11md10s8bxc41.js?dpl=nogit-1792179282","/_next/static/chunks/1j5h__1z96nq5.js?dpl=nogit-1792179282","/_next/static/chunks/38w1x0vrld4-w.js?dpl=nogit-1792179282","/_next/static/chunks/0myxz4gywm9of.js?dpl=nogit-1792179282","/_next/static/chunks/2_v9g5x0fx29m.js?dpl=nogit-1792179282","/_next/static/chunks/43foremeik-jk.js?dpl=nogit-1792179282","/_next/static/chunks/230359bhbwn7h.js?dpl=nogit-1792179282","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1792179282","/_next/static/chunks/11kq2otno6-oj.js?dpl=nogit-1792179282","/_next/static/chunks/3v26kz_8xjyfu.js?dpl=nogit-1792179282","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1792179282","/_next/static/chunks/10j6l_dhgof6p.js?dpl=nogit-1792179282","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1792179282","/_next/static/chunks/3_4bswc9ng3be.js?dpl=nogit-1792179282","/_next/static/chunks/3adfywl6-8_k3.js?dpl=nogit-1792179282","/_next/static/chunks/21l8cb-spx64y.js?dpl=nogit-1792179282","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1792179282","/_next/static/chunks/04wg1hnm8knmc.js?dpl=nogit-1792179282","/_next/static/chunks/132xfl2qnmb19.js?dpl=nogit-1792179282","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1792179282","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1792179282","/_next/static/chunks/2p5xv3ji4tpih.js?dpl=nogit-1792179282","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1792179282","/_next/static/chunks/2a2ryz-j6u084.js?dpl=nogit-1792179282","/_next/static/chunks/3zf7j62u5jl5c.js?dpl=nogit-1792179282","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1792179282","/_next/static/chunks/440-1fzzvomu5.js?dpl=nogit-1792179282","/_next/static/chunks/3it1o0ex-l5qz.js?dpl=nogit-1792179282","/_next/static/chunks/0i8v_bvzchj31.js?dpl=nogit-1792179282","/_next/static/chunks/1qmk7x_kcz83j.js?dpl=nogit-1792179282","/_next/static/chunks/1u3eptdza7lch.js?dpl=nogit-1792179282","/_next/static/chunks/2e31ygy8ebm1u.js?dpl=nogit-1792179282","/_next/static/chunks/1w193fj-lcfgs.js?dpl=nogit-1792179282","/_next/static/chunks/3lm048uldjetf.js?dpl=nogit-1792179282","/_next/static/chunks/3ibs-m0_upaf_.js?dpl=nogit-1792179282","/_next/static/chunks/00k10pkv-tsak.js?dpl=nogit-1792179282","/_next/static/chunks/12rdo7yi_xy67.js?dpl=nogit-1792179282","/_next/static/chunks/2mo9ebbh204wz.js?dpl=nogit-1792179282","/_next/static/chunks/3nf2x6twjh_38.js?dpl=nogit-1792179282","/_next/static/chunks/05c0se-tq2ipz.js?dpl=nogit-1792179282","/_next/static/chunks/40mvjd0jr_7d7.js?dpl=nogit-1792179282","/_next/static/chunks/27v_78eh3l1dt.js?dpl=nogit-1792179282","/_next/static/chunks/3l0sm7fu8c2ni.js?dpl=nogit-1792179282","/_next/static/chunks/1hgfhws62t1s5.js?dpl=nogit-1792179282","/_next/static/chunks/2-1ciy1x4js7n.js?dpl=nogit-1792179282","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1792179282","/_next/static/chunks/0g1nv87sz_mxq.js?dpl=nogit-1792179282","/_next/static/chunks/30u3fsn115_1j.js?dpl=nogit-1792179282","/_next/static/chunks/1vjwc_dfj8v1b.js?dpl=nogit-1792179282","/_next/static/chunks/3r8bletse_1-h.js?dpl=nogit-1792179282","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1792179282","/_next/static/chunks/32s6q_rspd3hd.js?dpl=nogit-1792179282"],"Gingerbread"] 35:I[647935,["/_next/static/chunks/3i37-bb_gc2w_.js?dpl=nogit-1792179282","/_next/static/chunks/2_6olli-sutu3.js?dpl=nogit-1792179282","/_next/static/chunks/0z347qy8pf1j3.js?dpl=nogit-1792179282","/_next/static/chunks/02eggfg7vwd9q.js?dpl=nogit-1792179282","/_next/static/chunks/2w4kwgresczw5.js?dpl=nogit-1792179282","/_next/static/chunks/2xa0kylife8l8.js?dpl=nogit-1792179282","/_next/static/chunks/2lsi6eli88uwt.js?dpl=nogit-1792179282","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1792179282","/_next/static/chunks/3nuk25nk7d14i.js?dpl=nogit-1792179282","/_next/static/chunks/11md10s8bxc41.js?dpl=nogit-1792179282","/_next/static/chunks/1j5h__1z96nq5.js?dpl=nogit-1792179282","/_next/static/chunks/38w1x0vrld4-w.js?dpl=nogit-1792179282","/_next/static/chunks/0myxz4gywm9of.js?dpl=nogit-1792179282","/_next/static/chunks/2_v9g5x0fx29m.js?dpl=nogit-1792179282","/_next/static/chunks/43foremeik-jk.js?dpl=nogit-1792179282","/_next/static/chunks/230359bhbwn7h.js?dpl=nogit-1792179282","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1792179282","/_next/static/chunks/11kq2otno6-oj.js?dpl=nogit-1792179282","/_next/static/chunks/3v26kz_8xjyfu.js?dpl=nogit-1792179282","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1792179282","/_next/static/chunks/10j6l_dhgof6p.js?dpl=nogit-1792179282","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1792179282","/_next/static/chunks/3_4bswc9ng3be.js?dpl=nogit-1792179282","/_next/static/chunks/3adfywl6-8_k3.js?dpl=nogit-1792179282","/_next/static/chunks/21l8cb-spx64y.js?dpl=nogit-1792179282","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1792179282","/_next/static/chunks/04wg1hnm8knmc.js?dpl=nogit-1792179282","/_next/static/chunks/132xfl2qnmb19.js?dpl=nogit-1792179282","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1792179282","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1792179282","/_next/static/chunks/2p5xv3ji4tpih.js?dpl=nogit-1792179282","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1792179282","/_next/static/chunks/2a2ryz-j6u084.js?dpl=nogit-1792179282","/_next/static/chunks/3zf7j62u5jl5c.js?dpl=nogit-1792179282","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1792179282","/_next/static/chunks/440-1fzzvomu5.js?dpl=nogit-1792179282","/_next/static/chunks/3it1o0ex-l5qz.js?dpl=nogit-1792179282","/_next/static/chunks/0i8v_bvzchj31.js?dpl=nogit-1792179282","/_next/static/chunks/1qmk7x_kcz83j.js?dpl=nogit-1792179282","/_next/static/chunks/1u3eptdza7lch.js?dpl=nogit-1792179282","/_next/static/chunks/2e31ygy8ebm1u.js?dpl=nogit-1792179282","/_next/static/chunks/1w193fj-lcfgs.js?dpl=nogit-1792179282","/_next/static/chunks/3lm048uldjetf.js?dpl=nogit-1792179282","/_next/static/chunks/3ibs-m0_upaf_.js?dpl=nogit-1792179282","/_next/static/chunks/00k10pkv-tsak.js?dpl=nogit-1792179282","/_next/static/chunks/12rdo7yi_xy67.js?dpl=nogit-1792179282","/_next/static/chunks/2mo9ebbh204wz.js?dpl=nogit-1792179282","/_next/static/chunks/3nf2x6twjh_38.js?dpl=nogit-1792179282","/_next/static/chunks/05c0se-tq2ipz.js?dpl=nogit-1792179282","/_next/static/chunks/40mvjd0jr_7d7.js?dpl=nogit-1792179282","/_next/static/chunks/27v_78eh3l1dt.js?dpl=nogit-1792179282","/_next/static/chunks/3l0sm7fu8c2ni.js?dpl=nogit-1792179282","/_next/static/chunks/1hgfhws62t1s5.js?dpl=nogit-1792179282","/_next/static/chunks/2-1ciy1x4js7n.js?dpl=nogit-1792179282","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1792179282","/_next/static/chunks/0g1nv87sz_mxq.js?dpl=nogit-1792179282","/_next/static/chunks/30u3fsn115_1j.js?dpl=nogit-1792179282","/_next/static/chunks/1vjwc_dfj8v1b.js?dpl=nogit-1792179282","/_next/static/chunks/3r8bletse_1-h.js?dpl=nogit-1792179282","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1792179282","/_next/static/chunks/32s6q_rspd3hd.js?dpl=nogit-1792179282"],"RecordResourceResume"] 36:I[830476,["/_next/static/chunks/3i37-bb_gc2w_.js?dpl=nogit-1792179282","/_next/static/chunks/2_6olli-sutu3.js?dpl=nogit-1792179282","/_next/static/chunks/0z347qy8pf1j3.js?dpl=nogit-1792179282","/_next/static/chunks/02eggfg7vwd9q.js?dpl=nogit-1792179282","/_next/static/chunks/2w4kwgresczw5.js?dpl=nogit-1792179282","/_next/static/chunks/2xa0kylife8l8.js?dpl=nogit-1792179282","/_next/static/chunks/2lsi6eli88uwt.js?dpl=nogit-1792179282","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1792179282","/_next/static/chunks/3nuk25nk7d14i.js?dpl=nogit-1792179282","/_next/static/chunks/11md10s8bxc41.js?dpl=nogit-1792179282","/_next/static/chunks/1j5h__1z96nq5.js?dpl=nogit-1792179282","/_next/static/chunks/38w1x0vrld4-w.js?dpl=nogit-1792179282","/_next/static/chunks/0myxz4gywm9of.js?dpl=nogit-1792179282","/_next/static/chunks/2_v9g5x0fx29m.js?dpl=nogit-1792179282","/_next/static/chunks/43foremeik-jk.js?dpl=nogit-1792179282","/_next/static/chunks/230359bhbwn7h.js?dpl=nogit-1792179282","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1792179282","/_next/static/chunks/11kq2otno6-oj.js?dpl=nogit-1792179282","/_next/static/chunks/3v26kz_8xjyfu.js?dpl=nogit-1792179282","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1792179282","/_next/static/chunks/10j6l_dhgof6p.js?dpl=nogit-1792179282","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1792179282","/_next/static/chunks/3_4bswc9ng3be.js?dpl=nogit-1792179282","/_next/static/chunks/3adfywl6-8_k3.js?dpl=nogit-1792179282","/_next/static/chunks/21l8cb-spx64y.js?dpl=nogit-1792179282","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1792179282","/_next/static/chunks/04wg1hnm8knmc.js?dpl=nogit-1792179282","/_next/static/chunks/132xfl2qnmb19.js?dpl=nogit-1792179282","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1792179282","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1792179282","/_next/static/chunks/2p5xv3ji4tpih.js?dpl=nogit-1792179282","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1792179282","/_next/static/chunks/2a2ryz-j6u084.js?dpl=nogit-1792179282","/_next/static/chunks/3zf7j62u5jl5c.js?dpl=nogit-1792179282","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1792179282","/_next/static/chunks/440-1fzzvomu5.js?dpl=nogit-1792179282","/_next/static/chunks/3it1o0ex-l5qz.js?dpl=nogit-1792179282","/_next/static/chunks/0i8v_bvzchj31.js?dpl=nogit-1792179282","/_next/static/chunks/1qmk7x_kcz83j.js?dpl=nogit-1792179282","/_next/static/chunks/1u3eptdza7lch.js?dpl=nogit-1792179282","/_next/static/chunks/2e31ygy8ebm1u.js?dpl=nogit-1792179282","/_next/static/chunks/1w193fj-lcfgs.js?dpl=nogit-1792179282","/_next/static/chunks/3lm048uldjetf.js?dpl=nogit-1792179282","/_next/static/chunks/3ibs-m0_upaf_.js?dpl=nogit-1792179282","/_next/static/chunks/00k10pkv-tsak.js?dpl=nogit-1792179282","/_next/static/chunks/12rdo7yi_xy67.js?dpl=nogit-1792179282","/_next/static/chunks/2mo9ebbh204wz.js?dpl=nogit-1792179282","/_next/static/chunks/3nf2x6twjh_38.js?dpl=nogit-1792179282","/_next/static/chunks/05c0se-tq2ipz.js?dpl=nogit-1792179282","/_next/static/chunks/40mvjd0jr_7d7.js?dpl=nogit-1792179282","/_next/static/chunks/27v_78eh3l1dt.js?dpl=nogit-1792179282","/_next/static/chunks/3l0sm7fu8c2ni.js?dpl=nogit-1792179282","/_next/static/chunks/1hgfhws62t1s5.js?dpl=nogit-1792179282","/_next/static/chunks/2-1ciy1x4js7n.js?dpl=nogit-1792179282","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1792179282","/_next/static/chunks/0g1nv87sz_mxq.js?dpl=nogit-1792179282","/_next/static/chunks/30u3fsn115_1j.js?dpl=nogit-1792179282","/_next/static/chunks/1vjwc_dfj8v1b.js?dpl=nogit-1792179282","/_next/static/chunks/3r8bletse_1-h.js?dpl=nogit-1792179282","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1792179282","/_next/static/chunks/32s6q_rspd3hd.js?dpl=nogit-1792179282"],"FlashcardAccessBranch"] 37:I[315438,["/_next/static/chunks/3i37-bb_gc2w_.js?dpl=nogit-1792179282","/_next/static/chunks/2_6olli-sutu3.js?dpl=nogit-1792179282","/_next/static/chunks/0z347qy8pf1j3.js?dpl=nogit-1792179282","/_next/static/chunks/02eggfg7vwd9q.js?dpl=nogit-1792179282","/_next/static/chunks/2w4kwgresczw5.js?dpl=nogit-1792179282","/_next/static/chunks/2xa0kylife8l8.js?dpl=nogit-1792179282","/_next/static/chunks/2lsi6eli88uwt.js?dpl=nogit-1792179282","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1792179282","/_next/static/chunks/3nuk25nk7d14i.js?dpl=nogit-1792179282","/_next/static/chunks/11md10s8bxc41.js?dpl=nogit-1792179282","/_next/static/chunks/1j5h__1z96nq5.js?dpl=nogit-1792179282","/_next/static/chunks/38w1x0vrld4-w.js?dpl=nogit-1792179282","/_next/static/chunks/0myxz4gywm9of.js?dpl=nogit-1792179282","/_next/static/chunks/2_v9g5x0fx29m.js?dpl=nogit-1792179282","/_next/static/chunks/43foremeik-jk.js?dpl=nogit-1792179282","/_next/static/chunks/230359bhbwn7h.js?dpl=nogit-1792179282","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1792179282","/_next/static/chunks/11kq2otno6-oj.js?dpl=nogit-1792179282","/_next/static/chunks/3v26kz_8xjyfu.js?dpl=nogit-1792179282","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1792179282","/_next/static/chunks/10j6l_dhgof6p.js?dpl=nogit-1792179282","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1792179282","/_next/static/chunks/3_4bswc9ng3be.js?dpl=nogit-1792179282","/_next/static/chunks/3adfywl6-8_k3.js?dpl=nogit-1792179282","/_next/static/chunks/21l8cb-spx64y.js?dpl=nogit-1792179282","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1792179282","/_next/static/chunks/04wg1hnm8knmc.js?dpl=nogit-1792179282","/_next/static/chunks/132xfl2qnmb19.js?dpl=nogit-1792179282","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1792179282","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1792179282","/_next/static/chunks/2p5xv3ji4tpih.js?dpl=nogit-1792179282","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1792179282","/_next/static/chunks/2a2ryz-j6u084.js?dpl=nogit-1792179282","/_next/static/chunks/3zf7j62u5jl5c.js?dpl=nogit-1792179282","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1792179282","/_next/static/chunks/440-1fzzvomu5.js?dpl=nogit-1792179282","/_next/static/chunks/3it1o0ex-l5qz.js?dpl=nogit-1792179282","/_next/static/chunks/0i8v_bvzchj31.js?dpl=nogit-1792179282","/_next/static/chunks/1qmk7x_kcz83j.js?dpl=nogit-1792179282","/_next/static/chunks/1u3eptdza7lch.js?dpl=nogit-1792179282","/_next/static/chunks/2e31ygy8ebm1u.js?dpl=nogit-1792179282","/_next/static/chunks/1w193fj-lcfgs.js?dpl=nogit-1792179282","/_next/static/chunks/3lm048uldjetf.js?dpl=nogit-1792179282","/_next/static/chunks/3ibs-m0_upaf_.js?dpl=nogit-1792179282","/_next/static/chunks/00k10pkv-tsak.js?dpl=nogit-1792179282","/_next/static/chunks/12rdo7yi_xy67.js?dpl=nogit-1792179282","/_next/static/chunks/2mo9ebbh204wz.js?dpl=nogit-1792179282","/_next/static/chunks/3nf2x6twjh_38.js?dpl=nogit-1792179282","/_next/static/chunks/05c0se-tq2ipz.js?dpl=nogit-1792179282","/_next/static/chunks/40mvjd0jr_7d7.js?dpl=nogit-1792179282","/_next/static/chunks/27v_78eh3l1dt.js?dpl=nogit-1792179282","/_next/static/chunks/3l0sm7fu8c2ni.js?dpl=nogit-1792179282","/_next/static/chunks/1hgfhws62t1s5.js?dpl=nogit-1792179282","/_next/static/chunks/2-1ciy1x4js7n.js?dpl=nogit-1792179282","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1792179282","/_next/static/chunks/0g1nv87sz_mxq.js?dpl=nogit-1792179282","/_next/static/chunks/30u3fsn115_1j.js?dpl=nogit-1792179282","/_next/static/chunks/1vjwc_dfj8v1b.js?dpl=nogit-1792179282","/_next/static/chunks/3r8bletse_1-h.js?dpl=nogit-1792179282","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1792179282","/_next/static/chunks/32s6q_rspd3hd.js?dpl=nogit-1792179282"],"TopicFlashcardRunner"] 24:[["$","$L33",null,{"feature":"flashcards"}],"$L34",["$","$L35",null,{"href":"/gcse/economics/ocr/supply/flashcards","label":"2.3 Supply","subjectCode":"gcse_economics__ocr","surface":"flashcards"}],["$","$L36",null,{"runner":["$","div",null,{"className":"min-h-0 flex-1 overflow-hidden bg-background","children":["$","$L37",null,{"decks":[{"id":"eccabca0-eeb3-492e-93df-034577f0b94a","title":"Supply Flashcards","topicId":"6e8c3050-c604-532b-a0b8-00cd4270d99a","topicSlug":"supply","cards":[{"id":"59ae3ddf-951e-475e-85c7-ca2ae54ed5ef","cardType":"cloze","points":null,"front":"A quantity supplied is the amount producers are [ ] to sell at a particular price in a particular time period.","back":"A quantity supplied is the amount producers are willing and able to sell at a particular price in a particular time period.","mcqOptions":[{"text":"willing and able","correct":true,"explanation":"Quantity supplied includes only what producers both want to sell and have the resources to provide at that price during the stated time period."},{"text":"willing or able","correct":false,"explanation":"Supply requires both motivation and capacity, not just one of them. The correct term is “willing and able”, because producers must want to sell and be capable of doing so."},{"text":"ready but unable","correct":false,"explanation":"Being unable to provide a product means it cannot count as quantity supplied, even if the producer wants to sell. The correct term is “willing and able”."},{"text":"able but unwilling","correct":false,"explanation":"Having enough resources is insufficient if producers do not want to sell at that price. The correct term is “willing and able”, requiring both conditions."}]},{"id":"c2fab388-42f6-468b-bb11-ca41f0c09323","cardType":"basic","points":2,"front":"Why is supply not just how much of a product exists?","back":"It depends on what producers are willing and able to sell.","mcqOptions":[{"text":"It depends on what producers are willing and able to sell.","correct":true,"explanation":"Supply concerns the quantity producers are prepared and capable of bringing to market at a particular price and time, rather than every unit that physically exists."},{"text":"It depends on what consumers are willing and able to buy.","correct":false,"explanation":"This describes demand, which focuses on consumers’ purchasing intentions and ability. Supply instead depends on what producers are willing and able to sell."},{"text":"It depends on what producers have already produced.","correct":false,"explanation":"Existing stock may not be offered for sale, while producers can also supply goods made later. Supply depends on what producers are willing and able to sell."},{"text":"It depends on how much producers are forced to sell.","correct":false,"explanation":"Supply is based on producers’ voluntary decisions and production capacity, not compulsion. The correct explanation is that it depends on what producers are willing and able to sell."}]},{"id":"a23154aa-0e97-438c-b0a7-0958837dec2f","cardType":"basic","points":1,"front":"What does willing mean in supply?","back":"Producers want to sell at that price.","mcqOptions":[{"text":"Producers want to sell at that price.","correct":true,"explanation":"In supply, willing means producers choose to offer the product for sale at the stated price, because they consider selling worthwhile."},{"text":"Producers can produce at that price.","correct":false,"explanation":"The ability to produce concerns resources and capacity, not willingness. The correct meaning is that producers want to sell at that price."},{"text":"Producers must sell at that price.","correct":false,"explanation":"Willingness means choosing to sell, rather than being compelled to do so. The correct meaning is that producers want to sell at that price."},{"text":"Producers expect to buy at that price.","correct":false,"explanation":"Buying is associated with consumers and demand, whereas willingness in supply concerns producers’ desire to sell. The correct answer is that producers want to sell at that price."}]},{"id":"6b5987d0-db2f-4e7b-b63d-f75364eab574","cardType":"basic","points":1,"front":"What does able mean in supply?","back":"Producers have the resources to provide it.","mcqOptions":[{"text":"Producers have the resources to provide it.","correct":true,"explanation":"Able means producers possess the necessary factors of production, such as labour, materials and equipment, to provide the product at that price."},{"text":"Producers have the customers to provide it.","correct":false,"explanation":"Customers create demand but are not resources used to make or provide a product. Able means producers have the resources to provide it."},{"text":"Producers have the profits to provide it.","correct":false,"explanation":"Profit is a possible result of selling, not the productive capacity needed beforehand. Able means producers have the resources to provide it."},{"text":"Producers have the advertising to provide it.","correct":false,"explanation":"Advertising may influence sales but does not guarantee production is possible. Able means producers have the resources to provide the product."}]},{"id":"adbf887b-7676-4dfd-a0bf-24ae1cf9d753","cardType":"cloze","points":null,"front":"On a supply graph, price goes on the [ ] and quantity supplied goes on the [ ].","back":"On a supply graph, price goes on the vertical axis and quantity supplied goes on the horizontal axis.","mcqOptions":[{"text":"On a supply graph, price goes on the vertical axis and quantity supplied goes on the horizontal axis.","correct":true,"explanation":"Graphs conventionally place the dependent variable, price, on the vertical axis and quantity supplied on the horizontal axis, allowing the supply relationship to be shown."},{"text":"On a supply graph, price goes on the horizontal axis and quantity supplied goes on the vertical axis.","correct":false,"explanation":"This reverses the standard axes used for supply diagrams. Price belongs on the vertical axis, while quantity supplied belongs on the horizontal axis."},{"text":"On a supply graph, price goes on the vertical axis and quantity supplied goes on the vertical axis.","correct":false,"explanation":"Both variables cannot be placed on the vertical axis in the standard diagram. Price goes on the vertical axis and quantity supplied on the horizontal axis."},{"text":"On a supply graph, price goes on the horizontal axis and quantity supplied goes on the horizontal axis.","correct":false,"explanation":"Both variables cannot share the horizontal axis in the standard diagram. Price goes on the vertical axis, while quantity supplied goes on the horizontal axis."}]},{"id":"fc72f932-699b-47b1-86e7-bcedac13b77e","cardType":"basic","points":2,"front":"Why do most supply curves slope upwards?","back":"Higher price makes producers more willing to supply.","mcqOptions":[{"text":"Higher price makes producers more willing to supply.","correct":true,"explanation":"A higher price can increase the revenue and profit available from selling, so producers are generally more willing to supply a greater quantity, creating an upward slope."},{"text":"Higher price makes producers less willing to supply.","correct":false,"explanation":"This reverses the usual profit incentive: higher prices generally encourage producers to supply more. The correct explanation is that higher price makes producers more willing to supply."},{"text":"Lower price makes producers more willing to supply.","correct":false,"explanation":"Lower prices usually reduce the potential return from supplying, so they do not explain an upward-sloping curve. Higher price makes producers more willing to supply."},{"text":"Higher price makes consumers more willing to supply.","correct":false,"explanation":"Consumers create demand, while producers determine supply. The correct explanation is that higher price makes producers more willing to supply."}]},{"id":"76496b6b-0e14-4714-a779-ef9ce44880bd","cardType":"cloze","points":null,"front":"Ceteris paribus means all other things are [ ].","back":"Ceteris paribus means all other things are unchanged.","mcqOptions":[{"text":"unchanged","correct":true,"explanation":"Ceteris paribus is a Latin phrase meaning “all other things being equal”. In economics, other relevant factors are held unchanged so one relationship can be examined."},{"text":"increasing","correct":false,"explanation":"Allowing other factors to increase would make it impossible to isolate the relationship being studied. Ceteris paribus means all other things are unchanged."},{"text":"ignored","correct":false,"explanation":"Other factors are not simply forgotten; they are held constant for the analysis. Ceteris paribus means all other things are unchanged."},{"text":"uncertain","correct":false,"explanation":"Ceteris paribus does not describe uncertainty about other factors. It means those factors are kept unchanged while examining the effect of one variable."}]},{"id":"9324a365-43c4-4ad1-a32f-45737ab49fd4","cardType":"basic","points":1,"front":"How do you calculate market supply at a given price?","back":"Add all producers’ quantities supplied at that price.","mcqOptions":[{"text":"Add all producers’ quantities supplied at that price.","correct":true,"explanation":"Market supply is the total quantity supplied by every producer at a particular price, so the individual quantities supplied are added together."},{"text":"Subtract all producers’ quantities supplied at that price.","correct":false,"explanation":"Subtracting would reduce individual supplies rather than find the market total. Market supply is calculated by adding all producers’ quantities supplied at that price."},{"text":"Average all producers’ quantities supplied at that price.","correct":false,"explanation":"An average gives a typical producer’s quantity, not the total available in the market. Market supply is found by adding all producers’ quantities supplied at that price."},{"text":"Add all producers’ quantities demanded at that price.","correct":false,"explanation":"Quantities demanded relate to consumers and demand, not producers and supply. Market supply is calculated by adding all producers’ quantities supplied at that price."}]},{"id":"3971ed73-3f4a-4fde-83f8-a7bee35f3a21","cardType":"basic","points":1,"front":"Ava supplies 25 loaves and Ben supplies 15 loaves at £2. What is market supply?","back":"40 loaves.","mcqOptions":[{"text":"40 loaves.","correct":true,"explanation":"Market supply is calculated by adding the quantities supplied by every producer at the same price, giving $25 + 15 = 40$ loaves."},{"text":"10 loaves.","correct":false,"explanation":"This subtracts Ben’s supply from Ava’s rather than combining them. Market supply is the total from both producers, so $25 + 15 = 40$ loaves."},{"text":"25 loaves.","correct":false,"explanation":"This includes only Ava’s output and ignores Ben’s 15 loaves. Adding both producers’ quantities gives a market supply of 40 loaves."},{"text":"375 loaves.","correct":false,"explanation":"This multiplies the two quantities instead of adding them. Market supply combines individual quantities through addition, so the correct total is 40 loaves."}]},{"id":"24c63dc2-d3da-4ede-b83a-d6b8ba63fec4","cardType":"basic","points":1,"front":"What causes a movement along the supply curve?","back":"A change in the product’s own price.","mcqOptions":[{"text":"A change in the product’s own price.","correct":true,"explanation":"The supply curve already shows how quantity supplied varies with the product’s own price, so a change in that price causes movement between points on the curve."},{"text":"A change in production costs.","correct":false,"explanation":"Production costs affect how much firms can profitably supply at every price, so they shift the supply curve. A movement along it is caused by the product’s own price."},{"text":"A change in the number of firms.","correct":false,"explanation":"A change in the number of sellers alters total supply at every price and shifts the curve. Only a change in the product’s own price causes movement along it."},{"text":"A change in production technology.","correct":false,"explanation":"Improved or worsened technology changes production possibilities at every price, shifting the entire supply curve. Movement along the curve requires a change in the product’s own price."}]},{"id":"7a614055-b68e-4d5c-8d5a-6322af115ceb","cardType":"basic","points":1,"front":"If price rises, what movement along supply usually happens?","back":"An extension of supply.","mcqOptions":[{"text":"An extension of supply.","correct":true,"explanation":"A higher price generally makes producing and selling additional units more profitable, increasing quantity supplied and causing an extension along the existing supply curve."},{"text":"A contraction of supply.","correct":false,"explanation":"This reverses the usual price-supply relationship. A contraction occurs when price falls, while a price rise causes an extension of supply."},{"text":"An increase in supply.","correct":false,"explanation":"An increase in supply means the entire curve shifts right because of a non-price factor. A price rise instead causes an extension along the existing curve."},{"text":"A rightward shift of supply.","correct":false,"explanation":"A rightward shift results from a favourable non-price determinant, such as lower costs. A rise in the product’s price causes an extension along the supply curve."}]},{"id":"2e83ae93-9caa-47f6-b196-94f08c7c085e","cardType":"basic","points":1,"front":"If price falls, what movement along supply usually happens?","back":"A contraction of supply.","mcqOptions":[{"text":"A contraction of supply.","correct":true,"explanation":"A lower price usually reduces the profitability of producing additional units, so quantity supplied falls through a contraction along the existing supply curve."},{"text":"An extension of supply.","correct":false,"explanation":"An extension occurs when price rises and producers offer more. When price falls, quantity supplied decreases, producing a contraction along the existing supply curve."},{"text":"A decrease in supply.","correct":false,"explanation":"A decrease in supply is a leftward shift caused by a non-price factor. A fall in the product’s own price causes a contraction along the curve."},{"text":"A rightward shift of supply.","correct":false,"explanation":"A rightward shift means more is supplied at every price and must result from a non-price factor. A price fall causes a contraction along the curve."}]},{"id":"4d6fe9bc-dc40-4247-90cf-d28d67735928","cardType":"basic","points":1,"front":"What causes a shift of the supply curve?","back":"A change in a non-price factor.","mcqOptions":[{"text":"A change in a non-price factor.","correct":true,"explanation":"Non-price determinants such as production costs, technology, taxes and the number of firms alter quantity supplied at every price, shifting the entire supply curve."},{"text":"A change in the product’s own price.","correct":false,"explanation":"The product’s own price determines the point selected on an existing supply curve, so changing it causes movement along the curve rather than shifting it."},{"text":"A change in consumer income.","correct":false,"explanation":"Consumer income is principally a determinant of demand, so it shifts the demand curve rather than the supply curve. Supply shifts because of a non-price supply factor."},{"text":"A change in quantity supplied.","correct":false,"explanation":"Quantity supplied is the outcome shown on the supply curve, not an independent cause of its position. A non-price supply factor shifts the curve."}]},{"id":"ad5b3753-3ef8-456e-8dd1-3e296180002e","cardType":"cloze","points":null,"front":"A shift of supply to the [ ] means producers supply more at each price.","back":"A shift of supply to the right means producers supply more at each price.","mcqOptions":[{"text":"right","correct":true,"explanation":"Quantity is measured horizontally, so moving the supply curve right shows that a greater quantity is supplied at every possible price."},{"text":"left","correct":false,"explanation":"A leftward shift indicates that producers supply less at every possible price. Supplying more at each price is represented by a shift to the right."},{"text":"vertical axis","correct":false,"explanation":"The vertical axis represents price rather than the direction of increased supply. More output at every given price is shown by a rightward shift."},{"text":"origin","correct":false,"explanation":"The origin represents zero price and zero quantity, not an increase in supply. More supplied at each price requires the curve to shift right."}]},{"id":"24bb588b-9b2b-4a1a-b405-1c47fb049f71","cardType":"cloze","points":null,"front":"A shift of supply to the [ ] means producers supply less at each price.","back":"A shift of supply to the left means producers supply less at each price.","mcqOptions":[{"text":"left","correct":true,"explanation":"Quantity is measured horizontally, so a leftward shift shows that producers offer a smaller quantity at every possible price."},{"text":"right","correct":false,"explanation":"A rightward shift represents more being supplied at every price, which is the opposite change. Less supply at each price requires a leftward shift."},{"text":"horizontal axis","correct":false,"explanation":"The horizontal axis measures quantity but is not a direction of supply change. A reduction in quantity supplied at every price is shown by a leftward shift."},{"text":"vertical axis","correct":false,"explanation":"The vertical axis measures price rather than indicating reduced supply. Supplying less at every given price is represented by a leftward shift of the curve."}]},{"id":"84369d37-8f72-4587-a817-4fc94c463e0a","cardType":"basic","points":1,"front":"Name one factor that can shift supply to the right.","back":"Lower production costs.","mcqOptions":[{"text":"Lower production costs.","correct":true,"explanation":"Lower costs make production more profitable, allowing firms to offer a greater quantity at every price and shifting the supply curve to the right."},{"text":"Higher production costs.","correct":false,"explanation":"Higher costs make production less profitable at each price, causing supply to shift left. Lower production costs instead increase supply and shift the curve right."},{"text":"Higher indirect taxes.","correct":false,"explanation":"Higher indirect taxes raise firms’ costs and therefore shift supply left. A rightward shift can instead result from lower production costs."},{"text":"Fewer firms in the market.","correct":false,"explanation":"With fewer firms producing the product, market supply falls and the curve shifts left. Lower production costs would increase supply and shift it right."}]},{"id":"c7918bcd-0aaa-4a58-a61a-d94657b6d110","cardType":"basic","points":1,"front":"Name one factor that can shift supply to the left.","back":"Higher production costs.","mcqOptions":[{"text":"Higher production costs.","correct":true,"explanation":"Higher production costs make supplying each unit less profitable, so firms offer less at every price and the supply curve shifts to the left."},{"text":"Lower production costs.","correct":false,"explanation":"Lower production costs make production more profitable and shift supply right. Higher production costs shift supply left because firms offer less at each price."},{"text":"Improved production technology.","correct":false,"explanation":"Improved production technology generally raises productivity and shifts supply right. Higher production costs instead reduce firms’ willingness to supply and shift the curve left."},{"text":"Higher production subsidies.","correct":false,"explanation":"A production subsidy lowers firms’ effective costs, shifting supply right. Higher production costs have the opposite effect, shifting supply to the left."}]},{"id":"5f09f208-9af2-4f63-9956-cbedad7e493d","cardType":"basic","points":1,"front":"A tax on production is likely to shift supply in which direction?","back":"To the left.","mcqOptions":[{"text":"To the left.","correct":true,"explanation":"A production tax raises firms’ costs, making production less profitable. Firms therefore supply less at every market price, shifting supply to the left."},{"text":"To the right.","correct":false,"explanation":"A shift to the right would represent increased supply. A production tax raises costs, so firms supply less at each price and supply shifts left."},{"text":"Up the supply curve.","correct":false,"explanation":"Confusing a tax with a price change leads to the movement-along-the-curve error. A production tax changes costs, shifting the whole supply curve left."},{"text":"Supply does not shift.","correct":false,"explanation":"Supply would remain unchanged only if a non-price determinant were unaffected. A production tax increases costs and therefore shifts the supply curve to the left."}]},{"id":"2af8b2d8-6577-4764-bc4f-cca9a0d3e45f","cardType":"basic","points":1,"front":"If supply shifts right and demand stays the same, what happens to market price?","back":"Price is likely to fall.","mcqOptions":[{"text":"Price is likely to fall.","correct":true,"explanation":"A rightward supply shift creates excess supply at the original price. Competition between sellers pushes the market towards a new equilibrium with a lower price."},{"text":"Price is likely to rise.","correct":false,"explanation":"A price rise is associated with supply shifting left or demand shifting right. With demand unchanged, a rightward supply shift makes equilibrium price fall."},{"text":"Price is likely to stay the same.","correct":false,"explanation":"Holding demand constant does not hold equilibrium price constant. Increased supply creates excess supply at the original price, causing the market price to fall."},{"text":"Price is likely to fall to zero.","correct":false,"explanation":"An increase in supply lowers equilibrium price but does not normally eliminate price entirely. With unchanged demand, the new equilibrium is reached at a lower positive price."}]},{"id":"df3da96e-c610-4029-ab6b-ee1df0442f0a","cardType":"basic","points":1,"front":"If supply shifts left and demand stays the same, what happens to quantity bought and sold?","back":"Quantity is likely to fall.","mcqOptions":[{"text":"Quantity is likely to fall.","correct":true,"explanation":"A leftward supply shift means firms offer less at every price. With demand unchanged, the new equilibrium has a lower quantity bought and sold."},{"text":"Quantity is likely to rise.","correct":false,"explanation":"Quantity would rise following an increase in supply, not a decrease. A leftward supply shift reduces the equilibrium quantity when demand remains unchanged."},{"text":"Quantity is likely to stay the same.","correct":false,"explanation":"Unchanged demand does not guarantee unchanged sales because equilibrium depends on both curves. A leftward supply shift reduces the equilibrium quantity bought and sold."},{"text":"Quantity is likely to fall to zero.","correct":false,"explanation":"A leftward shift reduces equilibrium quantity, but it does not usually remove supply completely. Quantity falls to zero only in an extreme market collapse."}]},{"id":"91adf9eb-32ea-4450-9ff8-2c0bd6bef538","cardType":"cloze","points":null,"front":"Price elasticity of supply is the responsiveness of [ ] to a change in price.","back":"Price elasticity of supply is the responsiveness of quantity supplied to a change in price.","mcqOptions":[{"text":"quantity supplied","correct":true,"explanation":"Price elasticity of supply measures how strongly the quantity producers supply responds to a change in the product’s price."},{"text":"quantity demanded","correct":false,"explanation":"Quantity demanded is used in price elasticity of demand, which concerns consumers. Price elasticity of supply measures the responsiveness of quantity supplied to price."},{"text":"market demand","correct":false,"explanation":"Market demand concerns buyers rather than sellers, so it belongs to demand analysis. Price elasticity of supply measures changes in quantity supplied following a price change."},{"text":"production costs","correct":false,"explanation":"Production costs can shift the supply curve, but they are not the measured response. Price elasticity of supply measures how quantity supplied responds to price."}]},{"id":"efe73ec3-6039-43c0-8b13-531284e5281e","cardType":"basic","points":1,"front":"What does price elastic supply mean when price rises?","back":"Quantity supplied can increase a lot.","mcqOptions":[{"text":"Quantity supplied can increase a lot.","correct":true,"explanation":"Elastic supply means producers respond strongly to a price change. When price rises, they can expand quantity supplied by a relatively large percentage."},{"text":"Quantity supplied can increase only a little.","correct":false,"explanation":"A small increase in quantity supplied following a price rise indicates price inelastic supply. Elastic supply means quantity supplied can increase by a relatively large amount."},{"text":"Quantity supplied can stay exactly the same.","correct":false,"explanation":"No change in quantity supplied would indicate perfectly inelastic supply. Price elastic supply means producers can increase output substantially when the market price rises."},{"text":"Quantity supplied can decrease a lot.","correct":false,"explanation":"The law of supply predicts that a higher price normally raises quantity supplied, not lowers it. With elastic supply, this increase is relatively large."}]},{"id":"53a016db-f7bc-427a-ab4b-f1eefdf4e96e","cardType":"basic","points":1,"front":"What does a steep supply curve show about elasticity?","back":"Supply is more price inelastic.","mcqOptions":[{"text":"Supply is more price inelastic.","correct":true,"explanation":"A steep supply curve shows that quantity supplied changes relatively little when price changes. This indicates that supply is more price inelastic."},{"text":"Supply is more price elastic.","correct":false,"explanation":"Price elastic supply is represented by a flatter curve because quantity responds strongly to price. A steep curve indicates a smaller quantity response and greater inelasticity."},{"text":"Supply is always unit elastic.","correct":false,"explanation":"Unit elasticity is a specific proportional relationship and cannot be inferred merely from steepness. In standard diagrams, a steeper supply curve indicates more price-inelastic supply."},{"text":"Supply is perfectly price elastic.","correct":false,"explanation":"Perfectly elastic supply is shown by a horizontal curve, not a steep one. A steep supply curve shows that supply is relatively price inelastic."}]},{"id":"9ac17b4e-662e-48f8-8f3e-4576aecb40b4","cardType":"basic","points":2,"front":"Why is supply often more elastic when firms have spare capacity?","back":"They can increase output quickly.","mcqOptions":[{"text":"They can increase output quickly.","correct":true,"explanation":"Spare machinery, labour or premises allow firms to expand production without first making major investments. They can therefore respond quickly and strongly to a price rise."},{"text":"They can increase costs quickly.","correct":false,"explanation":"Rapidly increasing costs would restrict firms’ response and make supply less elastic. Spare capacity makes supply more elastic because firms can increase output quickly."},{"text":"They can reduce output quickly.","correct":false,"explanation":"Reducing output does not explain the response to a price rise. Spare capacity increases elasticity because firms can use unused resources to raise output quickly."},{"text":"They can increase prices quickly.","correct":false,"explanation":"Individual firms do not generally control the market price, and changing price is not an expansion of supply. Spare capacity lets firms increase output quickly."}]},{"id":"08b1d29f-3d23-4f74-a818-1485a496e8b5","cardType":"basic","points":2,"front":"Why can inelastic supply be painful for consumers when demand rises?","back":"Prices can rise sharply before supply catches up.","mcqOptions":[{"text":"Prices can rise sharply before supply catches up.","correct":true,"explanation":"Inelastic supply means producers cannot increase output quickly when demand rises. The resulting shortage places strong upward pressure on prices until firms have time to expand supply."},{"text":"Prices can fall sharply before supply catches up.","correct":false,"explanation":"A rise in demand does not normally make prices fall, especially when supply is inelastic. Prices can rise sharply because producers cannot increase output quickly enough."},{"text":"Output can rise immediately before prices increase.","correct":false,"explanation":"Inelastic supply means output responds only slightly to changing prices, rather than expanding immediately. Consumers therefore face sharply rising prices before producers can increase supply."},{"text":"Prices can remain unchanged while supply catches up.","correct":false,"explanation":"Stable prices would require supply to respond sufficiently to the extra demand. With inelastic supply, production adjusts slowly, so prices can rise sharply before supply catches up."}]}]}],"examCountdown":{"examDate":"2027-05-13","paperLabel":"Paper 1"},"heading":"2.3 Supply","title":"Supply Flashcards","topbar":{"backHref":"/gcse/economics/ocr/flashcards"},"topicSidebar":"$L38"}]}],"topicId":"6e8c3050-c604-532b-a0b8-00cd4270d99a","walled":"$L39"}],"$L3a","$L3b"]

2.3 Supply Flashcards

2.3 Supply Flashcards