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A rightward shift is an increase in supply.
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∙ 13y ago
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Which would cause a rightward shift in the supply curve for telephone service?
An improvement in telephone technology.
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
What are factors affecting supply curve?
A change in supply (a shift in the supply curve) occurs whenever some factor that affects the supply of the good, other than its price, changes. Such variables include:1. Prices of productive resources. A rise (fall) in the prices of resources shifts the supply curve leftward (rightward).2. An increase in technology shifts the supply curve rightward.3. An increase (decrease) in the number of suppliersshifts the supply curve rightward (leftward).4. Prices of other goods produced, which have two possible relationships:a) When the price of a substitute in production rises (falls), the supply curve for the good shifts leftward (rightward).b) A rise (fall) in the price of a complement in production shifts the supply curve rightward (leftward).5. If the expected future price of the product rises (falls), the supply curve in the present period shifts leftward (rightward).A change in supply also affects the price and quantity of the product.1. An increase in supply (a shift rightward of the supply curve) causes the price to fall and the quantity to increase.2. A decrease in supply (a shift leftward in the supply curve) causes the price to rise and the quantity to decrease
Specialization and international trade will?
Result in a rightward shift in a nation's production possibilities curve.
Will a technological advance shift the supply or demand curve?
it will shift the supply curve to the right
Which would cause a rightward shift in the supply curve for telephone service?
An improvement in telephone technology.
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
What are factors affecting supply curve?
A change in supply (a shift in the supply curve) occurs whenever some factor that affects the supply of the good, other than its price, changes. Such variables include:1. Prices of productive resources. A rise (fall) in the prices of resources shifts the supply curve leftward (rightward).2. An increase in technology shifts the supply curve rightward.3. An increase (decrease) in the number of suppliersshifts the supply curve rightward (leftward).4. Prices of other goods produced, which have two possible relationships:a) When the price of a substitute in production rises (falls), the supply curve for the good shifts leftward (rightward).b) A rise (fall) in the price of a complement in production shifts the supply curve rightward (leftward).5. If the expected future price of the product rises (falls), the supply curve in the present period shifts leftward (rightward).A change in supply also affects the price and quantity of the product.1. An increase in supply (a shift rightward of the supply curve) causes the price to fall and the quantity to increase.2. A decrease in supply (a shift leftward in the supply curve) causes the price to rise and the quantity to decrease
Specialization and international trade will?
Result in a rightward shift in a nation's production possibilities curve.
Will a technological advance shift the supply or demand curve?
it will shift the supply curve to the right
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.
Any improvement in overall production technology that permits more output to be produced with the same amount of inputs causes?
A rightward shift of the supply curve so that more is offered at each price.
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.
Which way will an increase in labor cost shift the supply curve?
An increase in labor cost will decrease supply, so the supply curve will shift left.
Which direction would the supply curve shift if there was a decrease in supply?
leftward
What are the three characteristics of a supply curve?
The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.
A decrease in supply is represented by?
Shift of the curve to the left.
