List the factors that influence supply. How does a change in each of the factors you have listed affect the supply curve?
What will be an ideal response?
The factors that influence the supply of a good include the price of the good, input prices, technology, prices of related goods, producers' expectations, and the number of sellers. A change in price causes a movement along the supply curve for the good. A change in any of the other determinants of supply would cause the entire supply curve to shift. The direction of the shift depends on the specific change in question.
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In colonial Georgia,:
a. communal agriculture was successful. b. cotton plantations were flourishing by the early 1700s. c. the slave population assisted free colonists in defending the Florida border. d. slavery was initially prohibited.
Moral hazard is associated with
A) imperfect information. B) perfect information. C) the low costs of monitoring behavior. D) all of these choices.