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Economics (AS & A Level) · Oct / Nov 2021 · Paper 32 · Question 9

9708Demand and supply curves

What will happen to an industry's supply curve if firms leave the industry?

  1. AIt will shift to the left at any given price.
  2. BIt will shift to the right at any given price.
  3. CThere will be a downward movement along the supply curve.
  4. DThere will be an upward movement along the supply curve.

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Correct answer: A. It will shift to the left at any given price.

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