(Original post by Melissajanex)
Can anyone help me with this economics question or know where I can get some help
The world supply curve for tea is likely to shift left if there is an increase in:
A- the price of tea
B-wages of tea pickets
C-subsidies to tea producers
Any help would be much appreciated
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Thinking back to my economics lessons, I
it's B. Price doesn't shift the supply curve, it causes an extension/contraction. Subsidies will increase supply, causing it to shift to the right (not the left). And an increase in coffee prices will just decrease the demand of coffee so less will need to be supplied. So i think it's B.
I'm not 100% sure though (so correct me if I'm wrong, someone), I haven't done economics for a while now.
(Original post by SophF_rth)
True... But I have my english retake when we come back
And then MOCKS! :'( I can't get away!
Ah that sucks.
Still, I'm sure you'll do fine eventually.