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Which of the following market changes would lead to a shift of the supply curve?A market supply curve will shift when there are changes in the factors that cause the production cost to change apart from the own price of the product. These factors include- technology change, change in labor and other production inputs cost, change in the number of sellers, taxes, subsidies, et cetera.
What changes shift the supply curve?A change in supply leads to a shift in the supply curve, which causes an imbalance in the market that is corrected by changing prices and demand. An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left.
Which would cause a shift in the supply curve quizlet?Changes in the costs of production, improvements in technology, taxes, subsidies, weather conditions, health of livestock and crops, price of other products, disasters, wars, discoveries of new sources and depletion. Changes in supply conditions, causing shifts in the supply curve.
Which of the following would lead to a shift to the right of the supply curve of a specific product?The correct answer is b.
As a general rule, an increase in supply shifts the supply curve to the right, while the opposite shifts the supply curve to the left.
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