Question

4. List the important factors which determine the supply curve of a firm and analyse how they

affect the Supply curve.​

Answer 1

Answer:

changes in non-price factors that will cause an entire supply curve to shift (increasing or decreasing market supply); these include 1) the number of sellers in a market, 2) the level of technology used in a good's production, 3) the prices of inputs used to produce a good, 4) the amount of government regulation, ...