Exam ICWIM Topic 1 Question 167 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 167
Topic #: 1
The supply curve for an industry would be expected to shift to the left if:

Suggested Answer: C Vote an answer

The supply curve shifts left when production becomes more expensive or difficult.
* Why Does a Leftward Shift Occur?
* Increased raw material costs make production more expensive, leading to a reduction in supply.
* Higher wages, taxes, or stricter regulations can also shift the supply curve left.
* What Causes a Rightward Shift?
* Technological improvements lower costs and increase supply.
* Lower raw material costs reduce production expenses, encouraging more supply.
# Reference: CISI Wealth & Investment Management (Economic Principles), Microeconomics - Supply & Demand.

by Venus at Sep 11, 2025, 12:58 AM

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