Furniture manufacturers introduce computer-controlled cutting equipment. Furniture prices are unchanged, but the same workers and materials can now produce more units each week.
Which change to the supply curve for furniture is most likely?
Supply remains unchanged because furniture prices are unchanged
Supply shifts right because productivity has increased
Supply becomes less price elastic because weekly output can rise
Supply shifts left because less labour is needed per unit
81 exam-style questions on OCR GCSE Economics 2.3 Supply, covering 2.3.1 What is supply, 2.3.2 Draw a supply curve using data, 2.3.3 Explain a supply curve, 2.3.4 Shifts and movements of the supply curve, 2.3.5 Causes and consequences of supply changes, 2.3.6 Price elasticity of supply, 2.3.7 Draw supply curves of different elasticity, and 2.3.8 Importance of price elasticity of supply. Each one has a worked solution and a mark scheme showing where the marks go.