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The cost to sellers directly influences the supply curve in that as production costs increase, the willingness and ability of sellers to produce goods at existing prices decrease. This typically results in a leftward shift of the supply curve, indicating a decrease in supply. Conversely, if production costs decrease, sellers are more likely to supply more at each price level, shifting the supply curve to the right. Therefore, the relationship is fundamentally tied to how costs affect production decisions.

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20h ago

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Related Questions

The supply curve shows the relationship between what?

the supply curve shows the relationship between


A typical supply curve shows a relationship between the?

price of a good and the quantity sellers would be willing to offer for sale.


How are sellers costs producer surplus and supply curve related?

Sellers cost, producers surplus, and the supply curve are related?


The supply curve shows the relationship between?

Supply curve shows relationship between price of the particular commodity and the quantity supplied of that commodity at different price level.


How are supply schedule and supply curve related?

Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.


What curve shows the relationship between the sales price and quantity is called the demand curve?

supply


What best explains the purpose of a supply curve?

The purpose of a supply curve is to graph the relationship between quantity supplied and price charged.


What best explains the purpose of supply curve?

The purpose of a supply curve is to graph the relationship between quantity supplied and price charged.


Will a reduction in the number of sellers shift the supply curve to the right?

no


What is difference between individual supply curve and market supply curve?

The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.


Which of the following is a determinant of market supply curve but not a determinant of an individual seller's supply?

number of sellers


What is a graphical depiction of the supply schedule that illustrates that relationship between the price of a good and the quantity supplied?

Supply curve