Factors that cause Changes in Supply Assignment Help

Assignment Help: >> Change in Quantity Supplied and Change in Supply - Factors that cause Changes in Supply

Factors that cause Changes in Supply:

Changes in any of the following factors will cause a change in supply thereby completely shifting the supply curve:

  • Prices of Inputs
  • Technology
  • Prices of other products/outputs
  • Government Fiscal Policies (Taxes and Subsidies)
  • Weather and other Natural Phenomena
  • Population of Suppliers.

Note:  A change in the market price of a product does not cause a change in supply of that product but causes a change in quantity supplied.

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