A new tax is charged on each ceramic tile produced. What is the most likely effect on the supply schedule for ceramic tiles?
The schedule shows more tiles offered at each price
The schedule stays unchanged because only buyers are affected
The schedule shows unchanged quantities but lower profit at each price
The schedule shows fewer tiles offered at each price
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.