Factors that Shift the Supply Curve

Réussis tes devoirs et examens dès maintenant avec Quizwiz!

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.


Ensembles d'études connexes

GRE Test Taking Methods and Review for English

View Set

Henry VIII: The Church of England by 1540

View Set

comp sci test 4 (writing classes)

View Set

Ch 18 - Case Study: Diets for Disease Prevention

View Set

Honors Psychology Unit 6: Social Cognition, Emotion, and Persuasion

View Set