1.2.4 Supply 0.0 / 5 ? EconomicsMicroeconomicsASEdexcel Created by: 13clarkenCreated on: 09-02-19 11:45 24615 Across 1. A ... of the supply curve is caused by a change in conditions of supply (5) 5. 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) Down 1. Factors that cause a movement along the ... curve: Rise in production costs, New technology, Change resulting from nature, government policy (6) 2. 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) 4. 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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