IB Economics 2.2.1 the Law of Supply Flashcards

Flashcards for 2.2.1 The Law of Supply

These interactive flashcards help IB Economics students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams.

Each card focuses on 2.2.1 The Law of Supply and is aligned with the IB Economics syllabus, ensuring focused revision on microeconomics, macroeconomics, and international trade.

Students can test themselves anytime, anywhere, perfect for reinforcing tricky concepts, learning IB terminology, and committing formulas to memory.

By using RevisionDojo's flashcards consistently, learners turn repetition into mastery and enter the exam with confidence.

1 / 25

A firm's market price for its product rises. Predict the immediate effect on the firm's quantity supplied and identify the primary incentive.

Flip

Spacebar

Quantity supplied increases.
Incentive: Higher prices lead to higher profit margins per unit.

Flip

Spacebar

1. Introduction to Economics2 subtopics

2. Microeconomics12 subtopics

3. Macroeconomics7 subtopics

4. The Global Economy10 subtopics