Factors that Shift the Supply Curve
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Expectation of Future Prices
Expected future price changes and current supply move opposite. Good must be durable.
Input/Resource Prices
Input prices and supply move opposite.
Taxes
Taxation and supply move opposite.
Technology
The production process of changing economic resources into goods and services. When technology improves, supply increases.
Number of Sellers
Usually the number of sellers in a market changes as profits change. Firms will enter when profit is high and exit when it is low.
