Practise interpreting a change in a supply function and explaining why a lower quantity supplied at every price shifts the supply curve to the left.
Assume now that the supply changes from
to
Outline why this change will affect the position of the supply curve.
Level ..... Marks
0 The work does not reach a standard described by the descriptors below. ..... 0
1 The written response is limited. ..... 1
For a response which indicates that the supply curve will shift to the left OR that the quantity supplied has decreased.
2 The written response is clear. ..... 2
For a response which indicates that the supply curve will shift to the left because the quantity supplied has decreased.