Question

Explain three causes of leftward shift of supply curve

Answer 1

Three causes of leftward shift in supply curve are as follows:
(i) Rise in the price of substitute goods.
(ii) Rise in the price of factors of production.
(iii) Outdated technology.

Answer 2

Answer:

Hope it help

Explanation:

When a firm discovers a new technology that allows it to produce at a lower cost, the supply curve will shift to the right as well. ... A technological improvement that reduces costs of production will shift supply to the right, causing a greater quantity to be produced at any given price.