In most models, the factors that can cause a change in supply include:
1) Change in the capital stock.
2) Change in the labour stock.
3) Change in the level of technology.
4) Change is utilisation rates of capital and labour.
what are the six that cause a change in supply
Change in: production costs; production environment; price of related good; law; labour demand/price.
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior
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Factors that cause the entire supply curve to move either left or right are called the determinants of supply.These include:Expectations of suppliersPrice of resourcesNumber of suppliersTechnologyTaxes/SubsidiesPrices of other resources produced
what are the six that cause a change in supply
Change in: production costs; production environment; price of related good; law; labour demand/price.
* change in population * government policies * income change * future expectations
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior
It is the factor when they change they cause supply curve to shift to either left or right.
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.
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Weathering and erosion cause exposed land to change.
Factors that cause the entire supply curve to move either left or right are called the determinants of supply.These include:Expectations of suppliersPrice of resourcesNumber of suppliersTechnologyTaxes/SubsidiesPrices of other resources produced
No, an increase in supply without a change in demand will cause the price to fall.
No, a change in the quantity supplied due to a price change is not considered a shift in supply. Instead, it reflects a movement along the supply curve, which occurs when the price of the good changes while other factors remain constant. A shift in supply refers to changes in the supply curve itself, typically caused by factors like production costs, technology, or number of suppliers.
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.