A change in supply (a shift in the supply curve) occurs whenever some factor that affects the supply of the good, other than its price, changes. Such variables include:
1. Prices of productive resources. A rise (fall) in the prices of resources shifts the supply curve leftward (rightward).
2. An increase in technology shifts the supply curve rightward.
3. An increase (decrease) in the number of suppliersshifts the supply curve rightward (leftward).
4. Prices of other goods produced, which have two possible relationships:
a) When the price of a substitute in production rises (falls), the supply curve for the good shifts leftward (rightward).
b) A rise (fall) in the price of a complement in production shifts the supply curve rightward (leftward).
5. If the expected future price of the product rises (falls), the supply curve in the present period shifts leftward (rightward).
A change in supply also affects the price and quantity of the product.
1. An increase in supply (a shift rightward of the supply curve) causes the price to fall and the quantity to increase.
2. A decrease in supply (a shift leftward in the supply curve) causes the price to rise and the quantity to decrease
-an increase/decrease in government purchases -a reduction/increase in taxes -an increase/decrease in investor confidence -foreigners develop/lose a taste for American goods or aMericans develop/lose their taste for foreign goods -increase/decrease in money supply
The cost of inputs
Technology changes
Seasonal changes
Taxes and subsidies
Population
Expectations
Any increase in consumption, investment, government spending or net exports
Number of Sellers
Technology
Other Outputs
Resources Available
Expectations
Subsidies and Tax
PRICES
Location Location Location...then supply and demand.
ask your mom!
Factors that cause the entire supply curve to move either left or right are called the determinants of supply.These include:Expectations of suppliersPrice of resourcesNumber of suppliersTechnologyTaxes/SubsidiesPrices of other resources produced
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
Demand
the factors affecting centripetal force of whriling body are speed of the object,direction of spin,angle of the curve
Location Location Location...then supply and demand.
ask your mom!
Factors that cause the entire supply curve to move either left or right are called the determinants of supply.These include:Expectations of suppliersPrice of resourcesNumber of suppliersTechnologyTaxes/SubsidiesPrices of other resources produced
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
please give me the ans. of factor affecting demand and supply of health
how is a market supply curve similar to and diffrent from an individual supply curve
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a change in supply is the shift in supply curve due to change in price of other commodities and other factors like taste,weather,income e.t.c while a change in quantity supply is the change in price of the commodity itself that affect the quantity supply,here the supply curve remain constant but there will be a movement along the supply curve.
the amount of coffee banter being dished out