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.

Visual 1
Supply of and Demand for Greebes
Visual 3
Determinants of Demand
Visual 5
Determinants of Supply
Visual 7
Shifts in Demand
and Supply
Visual 9
A Price Ceiling
Visual 2
Changes in Demand
& Quantity Demanded

Visual 4
Changes in Supply & Quantity Supplied
Visual 6
Equilibrium
Visual 8
Time and Elasticity
of Supply
Visual 10
A Price Floor

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