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-The price of the production increase: If the price of materials (includes labor, raw materials, and energy costs) needed to produce a given good increase, it will be more expensive to produce the good. Thus, less units of the good will be able to be produced at a given price level.
-Changes in technology: If new, more efficient technology is developed, a good may be able to be produced at a lower cost per unit.
-Change in government taxes of subsidies: If the government imposes a tax on a given good, the firm will be able to sell less at a given price. If the government imposes a subsidy, the opposite is true.
What else can I help you with?
What are the Factors that can cause a change in supply?
In most models, the factors that can cause a change in supply include: 1) Change in the capital stock. 2) Change in the labour stock. 3) Change in the level of technology. 4) Change is utilisation rates of capital and labour.
What are 8 factors that can cause a change in supply?
1 climate 2 pest and diseases 3 government policies 4 market price 5 availability of subsidies 6 type of market being served
What factors shift supply curve?
1. change in resources 2. change in technology 3. changes in taxes and subsidies 4. change in prices of other goods 5. change in producer expectation 6. change in number of suppliers
What are the 3 factors of economic systems?
Demand-Production-Distribution/Supply
What three changes can effect the demand of a specific product?
These Are Four factors that Affect Consumer Demands ! 1. Consumer Income 2. Expectations 3. Tastes and Trends 4. Population and Change
3 factors that cause loss in value of tangible assets?
Which two factors cause the loss in value of tangible assets
What are 3 cause of desertification?
3 main causes of desertification is: 1. Overgrazing 2. Deforestation 3. Agricultural activities. Other factors are: Climate change, drought, moisture loss, population growth, etc.
Factors of leadership?
Leadership style may be dependent on various factors: Risk - decision making and change initiatives based on degree of risk involved Type of business - creative business or supply driven How important change is - change for change's sake Organizational culture - may be long embedded and difficult to change Nature of the task - needing cooperation, direction, structures, factors affecting style
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.
What are 3 factors that cause countries to work together?
nothing
Which 3 factors affects on electrical parameters of op-amp?
Supply voltage , temperature , frequency
What natural factors can change earth?
there r 3 main factors which are volcanos weathering and mountains
