A workshop makes wooden garden benches. The table shows the number of benches it is willing and able to supply each week before and after a fall in the cost of timber. The market price of a bench later rises from £90 to £110.
| Price per bench | Before the fall in timber cost (benches per week) | After the fall in timber cost (benches per week) |
|---|---|---|
| £90 | 40 | 55 |
| £110 | 52 | 67 |
Using the table, explain how the workshop's supply curve changes when the cost of timber falls, then calculate and explain the change in quantity supplied when the price rises from £90 to £110.
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.