1.2.4 Supply 0.0 / 5 ? EconomicsMicroeconomicsASEdexcel Created by: 13clarkenCreated on: 09-02-19 11:45 56321 Across 1. Why supply can be ...? No more raw materials, Takes time to grow more supply, No more skilled workers- supply not increased and not having the technology to do more (9) 2. Factors that cause a movement along the ... curve: Rise in production costs, New technology, Change resulting from nature, government policy (6) Down 2. A ... of the supply curve is caused by a change in conditions of supply (5) 3. The ... curve slopes from left to right because the higher the price, the more likely it is that a profit can be made. Increased prices mean increased profit so there is more ... (6) 5. A ... along the supply curve is caused by a change in price (8) 6. Factors influencing ... elasticity of ... : Spare production capacity, stocks of available finished goods, ease and cost of acquiring extra resources, time period and production period (5, 6)
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