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 Form 3 business studies revision questions and answers set 1

The diagram below shows a supply curve SoSo and S1S1
supplycurve.JPG
Highlight four factors to account for the above shift

 (2m 13s)
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Answer Text:
-Improved method of production/technology
-Decreased cost of production
-Reduced taxes on production inputs/ increased government incentives
-Fear of future fall in prices
-Increase in the price of jointly supplied products


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