FACTORS THAT SHIFT THE SUPPLY CURVE

FACTORS THAT SHIFT THE SUPPLY CURVE - Psub ^ Supply v (L)...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
FACTORS SHIFT THE SUPPLY CURVE: 1- Cost: Cost ^ Supply v (L) Cost v Supply ^ (R) 2- Technology: TECH ^ Supply ^ (R) 3- State of Nature: Good S of N Supply ^ (R) Bad S of N: Supply v (L) 4- Number of Suppliers: Number ^ Supply ^ (R) Number v Supply v (L) 5- Prices of Related Goods: - Substitutes in Production “OR”:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Psub ^ Supply v (L) Psub v Supply ^ (R)-Compliments in Production AND: Pcom ^ Supply ^ (R) Pcom v Supply v (L) 6-Expected Future Price: EFP ^ Supply v (L) EFP v Supply ^ (R)...
View Full Document

Ask a homework question - tutors are online