DISTINGUISH BETWEEN INCREASE IN SUPPLY AND DECREASE IN SUPPLY
Answers
Answer:
nah I'm sure it will be a great day of the same time I am a little bit about me know when I am a very nice day of my resume to you as well but the day of school for the same thing as well but the problem with my new year to date of the time and I have to do with a good time for me
Answer:
An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left. Essentially, there is an increase or decrease in the quantity supplied that is paired with a higher or lower supply price.
The supply curve can shift position. If the supply curve shifts to the right, this is an increase in supply; more is provided for sale at each price. If the supply curve moves inwards, there is a decrease in supply meaning that less will be supplied at each price.
Among the factors that can cause a change in supply are changes in the costs of production, improvements in technology, taxes, subsidies, weather conditions, health of livestock and crops. It is also affected by the price of other products.