Unit 1 - Introduction to markets and market failure
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Theme 1: 1.2.4 Supply
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Unit 1 - Introduction to markets and market failure
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PEARSON (PEARSON)
Book
Edexcel A level Economics A Book 1
Excellent study tool to revise the Supply section of the A-level Economics syllabus. This is tailored to the Edexcel specification but can also be used for other exam boards.
This is a relevant resource for both first-year and second-year students to revise or learn from and get the best possibl...
Theme 1: 1.4.1e Other Methods of Government Interventions
Theme 1: 1.4.1d Pollution Permits
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A/AS Level
PEARSON (PEARSON)
Economics A
Unit 1 - Introduction to markets and market failure
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1.2 - How
markets What is meant by supply, what is
work the law of supply, what is the
shape of a supply curve, what are
the causes of a movement along
1.2.4 - and shift of the supply curve?
Supply
, • Firm = ‘an organisation
that brings together
factors of production to
produce an output’
Definition • Supply = ‘the amount a
firm is willing to produce
at a given price in a given
time period.’
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