2.4.2 Price, supply, and quantity
Unit 2.4.2 - Price, supply, and quantityThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to draw a supply curve. They need to be able to illustrate movements along a supply curve with appropriate terminology, for example extensions and contractions in supply.The law of supply states that there is a positive relationship between price and quantity supplied. This means that the higher the...
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