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What would cause a leftward shift in the supply curve for car washes?
Wiki User
∙ 13y ago
A left-ward shift in the supply curve would be caused by an increase in its marginal cost, meaning that all units of car washing were strictly higher than before. Some examples might include: 1) increase cost of inputs (water, soap, etc.); 2) increase cost of operating capital (i.e.) machinery costs more to use than before); 3) increase in costs of maintenance for machinery and services.
Wiki User
∙ 13y ago
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Which direction would the supply curve shift if there was a decrease in supply?
leftward
A leftward shift in supply curve of product x will increase equilibrium price to a greater extent?
the moe elastic the supply curve
What are factors affecting supply curve?
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
Leftward shift in the supply curve?
A leftward shift in the supply curve would mean that some outside (Macro-economic) or inside (Micro-economic) event occurred that caused the supplier of the good to not be willing to make as many at a lower price. The price of the good/service will increase. The new price will be at the new (higher) intersect of the supply and demand curves (equilibrium).
Which will not cause the supply curve to shift?
A change in price level would cause movement along the demand curve, but would not cause the curve itself to shift.
Which direction would the supply curve shift if there was a decrease in supply?
leftward
A leftward shift in supply curve of product x will increase equilibrium price to a greater extent?
the moe elastic the supply curve
What are factors affecting supply curve?
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
Leftward shift in the supply curve?
A leftward shift in the supply curve would mean that some outside (Macro-economic) or inside (Micro-economic) event occurred that caused the supplier of the good to not be willing to make as many at a lower price. The price of the good/service will increase. The new price will be at the new (higher) intersect of the supply and demand curves (equilibrium).
Which will not cause the supply curve to shift?
A change in price level would cause movement along the demand curve, but would not cause the curve itself to shift.
How would a new excise tax effect the supply curve?
It would probably cause the supply curve upwards and shift to the left.
What will cause a movement along a demand curve or along a supply curve?
If the world tilts to the left...
What will cause a supply curve to shift to the left?
advaces in tec
What is difference between individual supply curve and market supply curve?
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.
What is the determinents of supply?
It is the factor when they change they cause supply curve to shift to either left or right.
Increased government regulations can cause the supply curve to?
Shift down
What will always cause a supply curve to shift to the left?
advaces in tec
