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it usually lowers production cost
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∙ 12y ago
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Why is supply and demand important to environmental science?
Because environmental science involves costs and benefits which, as economic variables, are governed by supply and demand.
Why is there a need for our water supply to be managed and distributed?
Because it needs to be purified, sterilised and distributed to homes.
How is blue topaz made?
Because they tend to be rather pale, man must to supply irradiation and sometimes also the heat.
How are chemical reactions different to reversable changes?
physical change is reversible because you can undo it for example: if you fold a paper you unfold the paper. chemical chang is irreversible because if you make somthing together you could not seperate them.
How do you using the word supply in a sentence?
So many people were gassing up their cars before the hurricane hit. We were stranded when the supply ran out.
How do technology change supply?
It changes supply by how much is bought. The more technology that is bought, the less supply there is. The less that is bought, the more supply there is.
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 is the factor that supply curve to shift right?
A increase in supply will be because of an: Increase in technology, change in production climates (positive change), cost of production decrease or increase in number of producers,changes in the prices of other goods and services, subsides.
What are the influences of supply?
Things that cause changes in supply are also called influences of supply. Some of these influences on supply are: cost of inputs, productivity, technology, taxes, subsidises, government regulation, numbers of sellers, war, and other political conflict.
Name and explain two reasons why changes in supply occur?
There are several ways in which changes in supply occur. They include Technology, Cost of in-puts, productivity, number of sellers in the market, expectations of sellers government taxes or subsidies, government regulation, and production possibilities.
What are the causes of shifts in the supply curve?
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.
How did Mesopotamians use technology tocontrol their water supply?
How did ancient Mesopotamian farmers use technology to control their water supply?”
Why does an advance in technology increase supply?
because labor's or capital's productivity increases and costs of production fall
Why changes in the prices of joint products affect changes in supply?
Yes, of course changes in prices affect changes in supply because fluctuation in prices is very dangerous for every one. If your stock is older and prices can reduce you are bound to sell where as when price can raises they can earn more profite
Why is money suppy a major determinant of interest rates?
Because: Real interest rate occurs when real money demand = money supply When money supply changes, the equilibrium interest rates changes as this equation shows.
What is on way entrepreneurs influence supply?
Technology
An improvement in technology is a factor that influences?
supply
