2.3.3 Shifts of a supply curve
Topic 2.3.3 - Shifts of a supply curve This section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand: (i) the causes of decreases and increases in supply, and (ii) diagrams that illustrate shifts of a supply curve. Although economic theory assumes that the price of a product is the main determinant of supply, there are other factors that can influence the quantity supplied (known as...