Question

list the ceteris paribous variable that affected supply curve and illustrate a shift in supply curve discuss how change in each of these variables would lead to the shift
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Answer 1

Explanation:

Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price.

Factors that can shift the supply curve for goods and services, causing a different quantity to be supplied at any given price, include input prices, natural conditions, changes in technology, and government taxes, regulations, or subsidies.