answersLogoWhite

0

It would probably cause the supply curve upwards and shift to the left.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What effect would a decrease in production costs for all firms have on the aggregate supply curve?

the curve would shift to the right


Explain the effect an increase in the retirement age would have on a country's ppf curve?

An inrease in the retirement age would effectively increase a country's labor supply, shifting the production possibilities curve right.


Which direction would the supply curve shift if there was a decrease in supply?

leftward


Is demand needed in equilibrium?

Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.


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.


If automobile workers went on strike causing a decreased supply of cars the supply curve would shift inward to the left and?

there would be an eventual upward movement along the demand curve, reestablishing equilibrium


If automobile workers went on strike causing a decreased supply of cars the supply curve would shift inward to the left and .?

there would be an eventual upward movement along the demand curve, reestablishing equilibrium


What is a perfectly inelastic supply curve?

A perfectly inelastic supply relation would be defined as one where the quantity produced remains static under any price change. If we'd plot this curve in the familiar demand-supply framework with price being on the y-axis and quantity on the x-axis, the curve would be vertical.


A purely competitive firm's short-run supply curve is?

Because of the price taking nature of the firm in the perfectly competitive market. The supply curve would be the portin of the (Marginal Cost Curve) that disects the (P=Ar=Mr curves). Som from that point up would be the supply curve, to produce below that point would not be beneficial to the establishment. Up sloping and equal to the portion of the marginal cost curve that lies above the average variable cost. The demand curve is also perfectly elastic, this too contributes to the fact.


If a supply-demand curve were applied to basic resources?

Their prices would increase.


If a supply-demand curve were applied to basic resource?

Their prices would increase.


How do you Explain the difference between change in supply and change in quantity supplied?

A change in supply means that the supply curve has shifted. With a stable demand, this will result in a change in the quantity supplied but also a change in price. A change in only quantity supplied without a change in supply would require a horizontal supply curve. Alternatively a change in quantity supplied and price may occur if there is a shift of the demand curve.

Trending Questions
Can Social and Economic Goals be successfully negotiated by Social Enterprises? What questions must be asked about the use of resources in the economics system? The mercantile system would be considered a laissez-faire type of economy.? Which of thes is most closely related to the theme of economics? If unnecessary government borrowing and high tariffs are both harmful to the economy why do governments in democracies often about such economic policies? Demographics of China and the stability of economic? What are two ways to increase productivity? What activities occur in a lavatory? What do think is the business organization primary responsibility to its stakeholders and why? Why does the Federal Reserve require commercial banks to have reserves? What is 'border price'? An investor purchases a company and bond from two years ago with a lower coupon rate than this year and bond. Why would the investor want to buy a lower-interest bond in the secondary market? 1914 legislation that dealt against monopolies particularly in the area of price-fixing? Major events of North Korea's economy? How does politics affect the banking industry? An ''increase in the quantity supplied'' suggests a? How can competition alter the plans of successful business leaders such as Micheal Dell? If you got paid 35 dollars and hour how much would you make? How does typical demand curve look like? In what way is deforestation threatening the Native Americans who live in the rain forest?