ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left. Essentially, there is an increase or decrease in the quantity supplied that is paired with a higher or lower supply price.

Detailed explanation-2: -A change in the number of sellers in an industry changes the quantity available at each price and thus changes supply. An increase in the number of sellers supplying a good or service shifts the supply curve to the right; a reduction in the number of sellers shifts the supply curve to the left.

Detailed explanation-3: -One of the most important determinants of production cost is technology. Improvements in technology make it possible to produce additional units of output at a lower cost. This shifts each individual supply curve downward (or, equivalently, to the right) and hence shifts the market supply curve downward as well.

Detailed explanation-4: -An increase in supply shifts the supply curve rightward. 2. The price falls to restore market equilibrium.

Detailed explanation-5: -If costs fall, more can be produced, and the supply curve will shift to the right. Any change in an underlying determinant of supply, such as a change in the availability of factors, or changes in weather, taxes, and subsidies, will shift the supply curve to the left or right.