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The following will shift the supply curve to the right:
cost of resources goes down
taxes goes down
subsidies goes up
government regulations goes down
technology/productivity goes up
number of sellers goes up
future expectations goes down
The following will sift the supply curve to the left:
cost of resources goes up
taxes goes up
subsidies goes down
government regulations goes up
technology/productivity goes down
number of sellers goes down
future expectations goes up
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∙ 13y ago
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Which direction would the supply curve shift if there was a decrease in supply?
leftward
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 effect would a decrease in production costs for all firms have on the aggregate supply curve?
the curve would shift to the right
Which would cause a rightward shift in the supply curve for telephone service?
An improvement in telephone technology.
Which direction would the supply curve shift if there was a decrease in supply?
leftward
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 effect would a decrease in production costs for all firms have on the aggregate supply curve?
the curve would shift to the right
Which would cause a rightward shift in the supply curve for telephone service?
An improvement in telephone technology.
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 are the forces behind the supply curves?
While changes in price result in movement along the supply curve, changes in other relevant factors cause a shift in supply, that is, a shift of the supply curve to the left or right.Such a shift results in a change in quantity supplied for a given price level. If the change causes an increase in the quantity supplied at each price, the supply curve would shift to the right:Supply Curve ShiftThere are several factors that may cause a shift in a good's supply curve. Some supply-shifting factors include:· Prices of other goods - the supply of one good may decrease if the price of another good increases, causing producers to reallocate resources to produce larger quantities of the more profitable good.· Number of sellers - more sellers result in more supply, shifting the supply curve to the right.· Prices of relevant inputs - if the cost of resources used to produce a good increases, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.· Technology - technological advances that increase production efficiency shift the supply curve to the right.· Expectations - if sellers expect prices to increase, they may decrease the quantity currently supplied at a given price in order to be able to supply more when the price increases, resulting in a supply curve shift to the left.
What does it mean when the supply curve shifts to the right?
A shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though price remains the same. So a shift to the right would mean the good quantity suppled has increased even the the price is still the same.
What events would cause a shift to the right in the supply curve?
Upgrades to its mixing equipment allow the plant to make more bars.
What is the difference between change in demand curve and shift in demand curve?
Change in demand curve is caused by the change in the price of the product. This is the change that occurs ON THE DEMAND CURVE. The price changes changes the QUANTITY DEMANDED, not the demand curve itself. Shift in demand curve is caused by NON PRICE DEMAND DETERMINANTS. Basically it shifts the ENTIRE curve (right (increase) or left (decrease)). Change in income, change in number of consumers, taste and preferences, price of related goods, and future expectations all cause shifts in demand curve. For example, an increase in the number of consumers would shift the demand to the right because demand would increase.
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).
