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Supply
Understand the concept of supply, including how to define it and create relevant diagrams to illustrate it.
4
Objectives
40
Flashcards
28
Questions
90 min
Study time
CambridgeIGCSEEconomicsThe allocation of resources
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Supply outcomes4 objectives
- Understand the concept of supply, including how to define it and create relevant diagrams to illustrate it.
- Learn how price affects supply and quantity, including how to draw and interpret a supply curve, and understand terms like extensions and contractions in supply.
- Explore the relationship between individual supply and market supply, focusing on how individual supplies combine to form market supply.
- Examine the factors that cause shifts in the supply curve, using terms such as increase and decrease in supply to describe these changes.
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DefineDescribeExplainAnalyseIdentifyDiscuss
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