Any factors that allows for the increased production of a product with the same price. Common ones would be :
1) Government policies, e.g. compulsory education of 10 years.
2) Fall in cost of production
3) Technology advancement
4) Natural factors, e.g. drought would affect agricultural activities.
5) In-Joint goods, e.g. increase supply for beef would increase supply of leather.
6) Population (Entries of producers.)
7) Expectations of future prices.
to the right
it would go to the left
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.
An increase in quantity supplied is represented by demand.
An increase in the price of a substitute good will increase demand for the original good, thus shifting the demand curve to the right.
False. An increase in demand means a shift of the demand curve to the right, it will increase both price and quantity supplied.There is no shift of the supply curve.
If there is an increase in supply, the supply curve will be shifted to the right. This leads to a decrease in the equilibrium price and an increase in equilibrium quantity. This is easy to see if you draw it out.
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.
An increase in quantity supplied is represented by demand.
An increase in the price of a substitute good will increase demand for the original good, thus shifting the demand curve to the right.
False. An increase in demand means a shift of the demand curve to the right, it will increase both price and quantity supplied.There is no shift of the supply curve.
If there is an increase in supply, the supply curve will be shifted to the right. This leads to a decrease in the equilibrium price and an increase in equilibrium quantity. This is easy to see if you draw it out.
If aggregate demand rises and aggregate supply remains the same, the quantity supplied which increase. Consequently, the equilibrium price will increase, as will the equilibrium quantity. LOOK AT LINK BELOW: http://upload.wikimedia.org/wikipedia/en/thumb/e/eb/Supply-demand-right-shift-demand.svg/240px-Supply-demand-right-shift-demand.svg.png As you can see, if demand increased from D1 to D2, the price level would increase from P1 to P2, and the output would increase from Q1 to Q2. Hope this helps!
The price of the product will increase as a result from both shifts.
The supply and demand curve follows four basic laws :If demand increases (demand curve shifts to the right) and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.If demand decreases (demand curve shifts to the left) and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply decreases (supply curve shifts to the left), a shortage occurs, leading to a higher equilibrium price.
the demand for loanable funds will increase, interest rates will increase
An increase in the money supply shifts the money supply curve to the right. If you look on your graph, you will see that an increase in money supply will cause the interest rate to decrease. Here's why: Fed increases money supply-->excess supply of money at the current interest rate -->people buy bonds to get rid of their excess money-->increase in the prices of bonds --> decrease in the interest rate.
If there is an increase in demand then a new demand curve appears to the right of the original, but if there is an increase in quantity demanded, then there will only be an increase in price and a new demand curve will not appear.
by a shift to the right of the demand curve