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Which of the following causes a shift in supply to the left? a.) A natural disaster that destroys farms and factories b.) A decrease in
Which of the following causes a shift in supply to the left? a.) A natural disaster that destroys farms and factories b.) A decrease in the price of inputs c.) Education that leads to a more skilled workforce d.) Advancement in technology SUBMIT MY ANSWER Report an issue with this question Kate Eskra Kate Eskra Sophia Tutorial Sophia Tutorial Shifts in Supply Sophia Tutorial Sophia Tutorial Make my favorite instructor PDF Version WHAT'S COVERED This lesson will cover shifts in supply, comparing what causes movement along a supply curve versus factors that cause a shift in the supply curve. Specifically, this lesson will cover: 1. Law of Supply: A Review 2. Shifts in Supply 3. Causes of Shifts in Supply 3a. Changes in Input Prices 3b. Changes in Technology 3c. Changes in Prices of Related Goods 3d. Government Policies Terms to Know 1. Law of Supply: A Review In review, the law of supply states that if the price of a good decreases, the quantity supplied will decrease. It works the other way as well; when the price of a good increases, so does the quantity supplied. There is a positive relationship between price and quantity with supply. Therefore, a
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