ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Government regulations.
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New Technology.
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Change in price.
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Changes in productivity.
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Detailed explanation-1: -These factors can be an improvement in technology, changes in the cost of inputs, changes in taxation or subsidies, etc. On the other hand, a change in the price of the good causes movements along the supply curve itself but will not cause any shift in the supply curve.
Detailed explanation-2: -NOTHING, demand does not change when the price changes, but the quantity demanded does change. This section will help us to better understand the difference between a change in quantity demanded ( Qd) and a change in demand itself ( D).
Detailed explanation-3: -Although a change in price of a good or service typically causes a change in quantity supplied or a movement along the supply curve for that specific good or service, it does not cause the supply curve itself to shift.
Detailed explanation-4: -Number of sellers. Expectations of sellers. Price of raw materials. Technology. Other prices. 29-Jun-2021