LO:
a) The distinction between movements along a supply curve and shifts of a supply curve
b) The factors that may cause a shift in the supply curve (the conditions of supply)
a) The distinction between movements along a supply curve and shifts of a supply curve
b) The factors that may cause a shift in the supply curve (the conditions of supply)
Market Equilibrium - What is it?
a) the distinction between movements along a supply curve and shifts of a supply curve
Change in price = a movement along the supply curve
All other factors = a shift in the supply curve (inward or outward)
b) The factors that may cause a shift in the supply curve (the conditions of supply)
Factors that SHIFT supply:
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Can UK's solar industry survive without subsidies?Energy experts believe a rumoured government plan to cut subsidies to solar could cripple the burgeoning industry just before it is able to stand on its own.
Late last week the government issued ambiguous warnings that the solar industry’s days of living off top-ups from bill-payers were numbered. A cabinet source revealed to the BBC that the government view had hardened further towards green subsidies and a “big reset” was coming. After onshore wind (currently the cheapest renewable energy in the country) had its subsidies cut last month, solar looks set to be next on the chopping block. Solar insiders believe the feed-in tariff (FiT), levied from household bills and given to those who buy rooftop panels for their homes, will be severely restricted or abolished. Source: http://www.theguardian.com/environment/2015/jul/21/can-uks-solar-industry-survive-without-subsidies |