A change in a supply shifter causes a change in supply, which is shown as a shift
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A change in a supply shifter causes a change in supply, which is shown as a shift of the supply curve. Supply shifters include prices of factors of production, returns from alternative activities, technology, seller expectations, natural events, and the number of sellers.
An increase in supply is shown as a shift to the right of a supply curve;
a decrease in supply is shown as a shift to the left.
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Related Book For
Principles Of Microeconomics
ISBN: 9781843317708
1st Edition
Authors: Libby Rittenberg, Timothy Tregarthen
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