Question

Causes of Supply Shifts

Supply is a powerful force in a free market.
In two to three sentences, explain some of the factors
that cause shifts in supply and what effects these shifts
may have

Answer 1

Supply curve shift Changes in production cost and related factors can cause an entire supply curve to shift right or left This causes a higher or lower quantity to be supplied at a given price The ceteris paribus assumption Supply curves relate prices and quantities supplied assuming no other factors change

Explanation: this is correct :)

Answer 2

Supply curve shift Changes in production cost and related factors can cause an entire supply curve to shift right or left This causes a higher or lower quantity to be supplied at a given price The ceteris paribus assumption Supply curves relate prices and quantities supplied assuming no other factors change

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Step-by-step explanation: