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Business A Level > Suppy > Flashcards

Suppy Flashcards

1
Q

Supply

A

Is the amount of a product producers are willing and able to sell at various prices

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2
Q

Supply curve

A

A graph showing the relationship between own price and quantity supplied

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3
Q

Factors affecting supply (list)

A

Own price

Changes in the cost of production

Introduction of new technology

Indirect taxes

Subsidies

External shocks

Number of firms in industry

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Business A Level (21 decks)

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