Supply factors

Question 1

Factors that may cause the supply curve to shift

Answer 1

Natural factors, production costs, new technology, subsidies, indirect taxes

Question 2

Volatile

Answer 2

Changing quickly and suddenly, for example, a volatile market rises and falls much without warning

Question 3

Ventures

Answer 3

New business activities or projects that involve taking risks

Question 4

Indirect taxes

Answer 4

Taxes levied on spending, such as VAT

Question 5

Productivity

Answer 5

Rate at which goods are produced, and the amount produced in relation to the work, time, and money needed to produce them

Question 6

Consumption

Answer 6

Amount of goods, servies, energy, or natural materials used in a particular period of time

Question 7

Subsidy

Answer 7

Money that is paid by a government or organisation to make price lower, reduce the cost of producing goods or providing a service, usually to encourage production of a certain good

Question 8

Yield

Answer 8

Amount of something that is produced, such as crops or oil extracted