Other factors affecting supply
- Created by: Jade
- Created on: 21-11-12 16:09
Other questions in this quiz
2. What type of regulation leads to higher production costs, compared to the costs in countries that have less demanding standards.
- Minimum quality standards
- Health and Safety
- Licences
3. An increase in cost of raw materials, an increase in labour costs, an increase in indirect tax, a failed technological advance all led to?
- Decrease in supply
- Increase in supply
4. A fall in raw material costs, an improvement in labour efficiency, a reduction in the rate of indirect tax, a positive technological change all led to?
- Increase in supply
- Decrease in supply
5. Any increase in _____ will have to be passed on to the consumer through ________ prices.
- VAT, decreased prices
- VAT, increased prices
- Excise duties, increased prices
- Income tax, increased prices
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