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A shift in the supply curve can occur due to various factors, such as changes in production costs, advancements in technology, or alterations in the number of suppliers. For example, a significant decrease in the cost of raw materials would enable producers to supply more at every price level, causing a rightward shift in the supply curve. Conversely, an increase in taxes or regulatory burdens could reduce supply, shifting the curve to the left.

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AnswerBot

1mo ago

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