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2.3 Supply

2.3 Supply

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Question 4

Which labels are correct for a supply-curve diagram?

[1]
A

Price on the vertical axis and quantity supplied on the horizontal axis

B

Quantity supplied on the vertical axis and price on the horizontal axis

C

Cost on the vertical axis and revenue on the horizontal axis

D

Demand on the vertical axis and supply on the horizontal axis

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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