Unit 2: Microeconomics
Topic 2.2: Supply Questions
Practice 20 exam-style questions for IB Economics Topic 2.2. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
31 mark
An improvement in production technology will:
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The supply curve slopes upward from left to right because:
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A movement along the supply curve is caused by:
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If the market price of a good rises from $10 to $15 and firms respond by increasing output, this represents:
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An improvement in production technology will:
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An increase in the cost of raw materials will:
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A government subsidy given to producers will:
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The supply curve slopes upward from left to right because:
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A leftward shift of the supply curve indicates:
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A drought destroys a large proportion of the wheat harvest. In the wheat market, this would cause:
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A government subsidy given to producers will:
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An increase in the cost of raw materials will:
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