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2.3 Supply

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Question 36

The cost of electricity used by bakeries rises. What is the most likely effect on the supply of bread?

[1]
A

There is a movement up along the existing supply curve

B

Supply shifts right because bread prices may rise

C

Demand shifts left because bakeries use electricity

D

Supply shifts left because production has become more expensive

Markscheme

2.3 Supply Questions

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

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.

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