Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 3 business studies revision questions and answers set 1

The diagram below shows a supply curve SoSo and S1S1
supplycurve.JPG
Highlight four factors to account for the above shift

 (2m 13s)
518 Views     SHARE

Answer Text:
-Improved method of production/technology
-Decreased cost of production
-Reduced taxes on production inputs/ increased government incentives
-Fear of future fall in prices
-Increase in the price of jointly supplied products


|