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2.3 Supply

2.3 Supply

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Question 4

A farm has already harvested a fixed quantity of strawberries that will spoil tomorrow. Which supply curve best represents today's market supply?

[1]
A

A horizontal supply curve

B

A relatively steep or vertical supply curve

C

A downward-sloping supply curve

D

A supply curve that shifts right whenever price rises

Markscheme

2.3 Supply Questions

  1. GCSE
  2. /Economics
  3. /2.3 Supply

36 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.

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