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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.
A decrease in supply is represented by?
Shift of the curve to the left.
What will always cause a supply curve to shift to the left?
advaces in tec
How would a new excise tax effect the supply curve?
It would probably cause the supply curve upwards and shift to the left.
Will a technological advance shift the supply or demand curve?
it will shift the supply curve to the right
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.
A decrease in supply is represented by?
Shift of the curve to the left.
What will cause a supply curve to shift to the left?
advaces in tec
What will always cause a supply curve to shift to the left?
advaces in tec
How would a new excise tax effect the supply curve?
It would probably cause the supply curve upwards and shift to the left.
What is the determinents of supply?
It is the factor when they change they cause supply curve to shift to either left or right.
Will technological advances will cause the supply curve to shift to the left or right?
right
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.
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.
What does a change in supply look like on a graph?
A change in supply is represented on a graph by a shift of the supply curve to the left or right. If supply increases, the curve shifts to the right, indicating that producers are willing to supply more at each price level. Conversely, a decrease in supply shifts the curve to the left, showing that less is available at each price. This shift affects the equilibrium price and quantity in the market.
What is a rightward shift of a supply curve?
A rightward shift is an increase in supply.
