Visual 2.5
Determinants of Supply
FACTORS THAT SHIFT THE SUPPLY CURVE
1. Change in input prices
2. Change in technology
3. Change in taxes and subsidies
4. Change in the prices of other goods
5. Change in producer expectations
6. Change in the number of suppliers
• Any factor that increases the cost of production decreases supply.
• Any factor that decreases the cost of production increases supply.
have visited this page since 10/01/02