There are many ways in which the supply curve could change when a determinant changes. The supply curve could go down for example.
A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.
It is the factor when they change they cause supply curve to shift to either left or right.
True
Shifts WITHIN the supply curve are caused by changes in price. However, shifts of the supply curve are determined by the determinants of Supply. 1) Change in resource prices 2) Change in technology 3) Changes in taxes and subsidies 4) Change in prices of other goods 5) Change in expectations 6) Change in number of suppliers.
Supply curve
A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.
A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.
It is the factor when they change they cause supply curve to shift to either left or right.
True
Shifts WITHIN the supply curve are caused by changes in price. However, shifts of the supply curve are determined by the determinants of Supply. 1) Change in resource prices 2) Change in technology 3) Changes in taxes and subsidies 4) Change in prices of other goods 5) Change in expectations 6) Change in number of suppliers.
Supply curve
Then demand and supply are equal.
explain what happens inside curve sample
Determinants of demand which are sometime also called as demand shifters is a number of factors that when they change they will cause the demand curve to shift.
just lead to a shift in the supply curve.
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
True