Studied by 3 people
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.
Note 
Flashcard (47)