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Economics (AS & A Level) · May / June 2024 · Paper 13 · Question 10

9708Demand and supply curves

What most accurately describes a market supply curve?

  1. Asupply at different income levels, assuming product prices remain unchanged
  2. Bsupply at different levels of factor prices, assuming product prices remain unchanged
  3. Csupply at different prices, assuming no changes in technology
  4. Dsupply at different time periods, assuming no changes in technology

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Correct answer: C. supply at different prices, assuming no changes in technology

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