What is a shift of the supply curve a change in the quantity supplies at any

What is a shift of the supply curve a change in the

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What is a shift of the supply curve? a change in the quantity supplies at any given price What factors increase supply (cause a shift to the right)? 1) changes in input prices 2) changes in the prices of related goods or services 3) changes in technology 4) changes in expectations A change in what variable causes a movement along the curve? Changes in the quantity supplied that RESULT from a change in PRICE. How do we find equilibrium price and quantity? The price that matches the quantity supplied and the quantity demanded is the equilibrium price; the quantity bought and sold at that price is the equilibrium quantity. The easiest way to find it is to put the supply and demand curves on the same graph and the point of intersection is equilibrium. The equilibrium price is also known as the market-clearing price: it is the price that "clears the market" by ensuring that every buyer willing to pay that price finds a seller willing to sell at that price, and vice versa.
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What happens to equilibrium price and quantity if demand shifts? What if supply shifts? What if they both shift? Can you unambiguously determine what happens if two curves shift at once? An increase in demand leads to a rise in both the equilibrium price and the equilibrium quantity. A decrease in demand leads to a fall in both the equilibrium price and the equilibrium quantity. Positive economics is the brance of economic analysis that describes the way the economy actually works normative economics makes prescriptions about the way the economy should work... OPINION What are the factors of production? resources such as land, labor, capital, and human capital, inputs that are not used up in production, and improved technology
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