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IB Economics SL 2.2.5 Non Price Determinants of Supply Questions

Practise explaining how costs, taxes, technology, related goods and other non-price determinants shift firm or market supply and change equilibrium price and output.

Syllabus
First assessment 2022
Course
Economics SL
Level
SL

Exam points

  • Explain how changes in factor costs, tariffs, taxes or subsidies shift supply and affect equilibrium price and output.
  • Explain how technology, productivity or production improvements shift market supply.
  • Explain how related-goods prices, expectations, regulations or the number of firms can shift supply.

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