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2.3 Supply

2.3 Supply

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Question 3

A government pays a subsidy to solar-panel producers. What is the most likely effect?

[1]
A

Supply shifts right because production becomes more profitable

B

Supply shifts left because the market price falls

C

Quantity supplied falls along the existing curve

D

Demand shifts right because firms receive the payment

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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