ILO:
a) The distinction between movements along a supply curve and shifts of a supply curve
b) The factors that may cause a shift in the supply curve (the conditions of supply)
a) The distinction between movements along a supply curve and shifts of a supply curve
b) The factors that may cause a shift in the supply curve (the conditions of supply)
Supply Curve
Watch the revision videos to consolidate your knowledge on the topic of supply:
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Y1/IB 4) Supply and the Supply Curve
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Theory of Supply - including Market and Joint Supply I A Level and IB Economics
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Supply exam questions:
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Examine two causes of shortages in the UK. (8 marks)
Why are there supply shortages in the UK?
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Assess the possible impact of increasing the living wage on the hospitality sector. (10 marks)
Robert Peston: UK living wage set to rise to £9.50 in upcoming Budget | ITV News
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Indirect v Ad Valorem Tax
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Assess the benefits of introducing a tax on coffee cups? (10 marks)
Coffee Cup Tax | Good Morning Britain
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Review the revision webinar to consolidate your knowledge of an indirect and ad valorem tax:
Indirect Taxes - Ad Valorem Taxes I A-Level and IB Economics
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