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IB Economics HL 2.2.5 Non Price Determinants of Supply Questions

Practise explaining how production costs, tariffs, technology and related-goods prices shift supply and change equilibrium price and output in market diagrams.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Explain and diagram how higher input costs or tariffs shift supply left and change equilibrium price and output.
  • Explain how technology or productivity improvements shift market supply to the right.
  • Explain how a price change for a jointly or competitively supplied good shifts the related good's supply.

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