A set of factors that can shift the supply curve are chan...
A set of factors that can shift the supply curve are changes in
Weather, price and technology
Technology, weather and population
Technology, price and taste
Population, price and taste
Correct answer is B
A shift in the supply curve is brought about by a change in supply. Changes in production cost and related factors can cause an entire supply curve to shift right or left.
A supply curve will shift to the right when there is an increase in the change in supply, and it will shift to the left when there is a decrease in the change in supply.
Some of the factors that may cause a supplier to be unable to supply to the market include;
- changes in the costs of production.
- changes in technology.
- population size.
- government taxes/subsidies/regulations.
- weather conditions.
- wars/disaster
If a monopolist is incurring short-run losses, this means that his ...
Which of the following is not a type of industry? ...
Inflation can be curbed by ...
Warehousing facilities in the distribution and marketing of products are provided by ...
The National Income of a country can be estimated through the ...
Economic development may be defined as economic growth ...
The profit of a monopolist can be eliminated where price equals ...
Which of the following is not an international economic organization? ...
Net National Product is derived by deducting ...
A normal supply curve has a positive slope which indicates that ...