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Name and describe 5 reasons why there would be a change or shift in supply?
Wiki User
∙ 14y ago
There would be a shift in supply if:
1. The price of the inputs were to increase/decrease.
2. A new technology was invented that made the production process fast - would shift supply up.
3. If new capital was gained, like forests being cleared to make was for farming - would shift supply up.
4. A change in the expected prices would increase/decrease supply.
5. An improvement in weather will increase the productivity of the same amount of farmland - making an increase in demand.
Wiki User
∙ 14y ago
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What is change in supply?
It is a change in the schedule and a shift of the curve.
What is a change in the schedule and a shift of the curve?
Change in supply.
Does a change in producers' technology lead to a movement along the supply curve or shift in the supply curve?
just lead to a shift in the supply curve.
Does a change in producers' technology lead to a movement along the supply curve or a shift in the supply curve?
Changes in a producer's technology can lead to a SHIFT in the supply curve.
A shift in the demand curve is called?
A change in quantity demanded
What is a change in the schedule and a shift of the curve?
Change in supply.
What is change in supply?
It is a change in the schedule and a shift of the curve.
Does a change in producers' technology lead to a movement along the supply curve or shift in the supply curve?
just lead to a shift in the supply curve.
Does a change in producers' technology lead to a movement along the supply curve or a shift in the supply curve?
Changes in a producer's technology can lead to a SHIFT in the supply curve.
A shift in the demand curve is called?
A change in quantity demanded
What is the determinents of supply?
It is the factor when they change they cause supply curve to shift to either left or right.
What causes technology supply curve to shift?
a change in amount of goods available
How parents will write a application for shift change?
To write an application for a shift change, parents, should address the letter to the HR departments with valid reasons.
What is determinants of supply?
It is the factor when they change they cause supply curve to shift to either left or right.
What can be describe as a change in position?
To move positions is to shift your body to a different spot
What is difference between change in supply and change in quantity supplied?
a change in supply is the shift in supply curve due to change in price of other commodities and other factors like taste,weather,income e.t.c while a change in quantity supply is the change in price of the commodity itself that affect the quantity supply,here the supply curve remain constant but there will be a movement along the supply curve.
What makes the short term aggregate supply curve shift?
Any change in the quantity of any factor of production available will cause a shift.
