1. Define the theory of supply
List the 3 laws of supply
(4 marks)
(3 marks)

2. Fill in the missing words and label the supply diagram
_____________along the supply curve are caused by a change in ________.
An extension in supply is brought about by a ______in price.
Manufacturers are ___________ to supply more as a greater __________can be made at the new price.
(5 marks)
extension in supply
(12 marks)

3. Fill in the missing words and label the supply diagram
_____________along the supply curve are caused by a change in ________.
A contraction in supply is brought about by a _______in price.
Manufacturers will ________ supply as less ________is made at the new price.
(5 marks)
contraction in supply
(12 marks)

4. Fill in the missing words
The ______________ of _______ are forces behind market supply.
A change in any one of these will affect market supply .
Any change in the determinants of supply will cause the entire supply curve to ________ across.
A positive change in the determinants of supply will cause the supply curve to shift across to the_________.
A negative change in the determinants of supply will cause the supply curve to shift across to the_________.
(5 marks)

5. List the determinants of supply1. 2. 3. 4. 5.
(5 marks)

6. A positive change in the determinants of supply
Draw a diagram illustrating the impact of a positive change in the determinants of supply, that is more is supplied at each price
(11 marks)

7. A negative change in the determinants of supply
Draw a diagram illustrating the impact of a positive change in the determinants of supply, that is more is supplied at each price
(11 marks)

8. Define aggregate supply
(3 marks)