The 2.2 Supply question bank gives IB Economics students Standard Level (SL) and Higher Level (HL) authentic exam-style practice that mirrors IB Paper 1, 2, 3 structure and difficulty. Covering key syllabus areas such as microeconomics, macroeconomics, and international trade, this resource builds confidence by training students in the same style of questions set by IB examiners. With instant solutions, detailed explanations, and syllabus-aligned practice, RevisionDojo helps students sharpen problem-solving skills and prepare effectively for mocks and final assessments. More than just practice, this question bank teaches students how to think the way IB examiners expect.
Explain how a decrease in production costs can shift the supply curve to the right.
Explain how the aggregation of individual supply curves leads to the market supply curve.
Explain the difference between movements and shifts along the supply curve.
Explain the meaning of laissez-faire as proposed by Adam Smith.
Explain how an increase in the number of firms in an industry affects supply.
Explain how the law of diminishing marginal returns leads to increasing marginal costs in the short run.
Explain how the law of diminishing marginal returns and increasing marginal costs influence the shape of the supply curve.
Explain how expectations of rising future prices might affect a firm's current supply.
Explain how a change in the cost of a factor of production can affect supply.
Explain how an indirect tax can affect the supply of a good.