Question 2(a)
[Maximum number: 8]
Explain the determinants of supply for an agricultural product, such as rice, and consider which of these determinants is likely to be of the greatest significance at the present time. [8]
CAIE A-Level Economics 2.1.4 Supply determinants
Practise linking costs, technology, subsidies, taxes and alternative outputs to firms' willingness and ability to supply a product.
How this is tested
- explain how costs, technology, taxes or subsidies affect supply of a product
- apply opportunity cost to choices between alternative outputs,