1.2.4 Supply

Movements Along a Supply Curve

Changes in quantity supplied in response to a change in price, while other factors remain constant.

Shifts of a Supply Curve

Changes in quantity supplied at every price level due to factors other than price.

Production Costs

Changes in the cost of inputs that can affect supply.

Technological Advancements

Improvements in technology that can lower production costs and increase supply.

Government Policies and Regulations

Policies, subsidies, and regulations that can impact supply.

Natural Disasters and Weather Conditions

Disruptions in production and reduced supply due to natural disasters and weather conditions.

Changes in Expectations

Adjustments in supply based on expectations of future prices or market conditions.

Government Intervention in International Trade

Trade policies that can affect the supply of imported goods.

Natural Resource Availability

Impact of the availability of natural resources on supply.