ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A change in any of these conditions will cause a shift in the supply curve. A shifting of the curve to the left corresponds to a decrease in the quantity of product supplied, whereas a shift to the right reflects an increase.

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: -Prices of relevant inputs-if the cost of resources used to produce a good increases, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.

Detailed explanation-4: -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.

Detailed explanation-5: -Increased government regulation can cause the aggregate supply curve to shift to the left.