Economy, asked by harshal8779, 12 hours ago

Supply rises with favorable changes in other things while price is constant is called as​

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Answered by dhruvbhanushali2009
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Answer:

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Answered by Preethikana1752
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Answer:

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.

The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change. This is called the ceteris paribus assumption. This article talks about what happens when other factors aren't held constant.

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