supply curve - Supply What influences a firm's willingness...

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Supply What influences a firm’s willingness to sell (Q of goodss they offer) of a particular good/ service? (How they produce, what they produce) Profit Consumer Demand/ Price Period of time (Ex: seasons) Inputs (the cost of certain inputs such as land or labor). Price and availability of those inputs Competition Proximity to inputs or locations/ proximity to markets Price of other goods Stability of the market “Expectations of the future of that good” Investment. Establish reputation Supply Curve Shows how much of a good or service that people are willing to sell at different prices Quantity of goods willing to be supplied goes up as price goes up Economists believe price plays a key role in explaining how the quantity of goods people will offer to sell Price changes result in movement along a supply curve and a change in the quantity supplied Quantity supplied is the amount of a good or service people are willing to sell at a
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supply curve - Supply What influences a firm's willingness...

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