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The determinants of supply (factors that lead the supply curve to shift) are number of sellers,...

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Economics

The determinants of supply (factors that lead the supply curveto shift) are number of sellers, technology, resourceprices, taxes and subsidies, and expectations ofproducers.

EXPLAIN HOW EACH OF THESE DETERMINANTS AFFECT SUPPLY.

Answer & Explanation Solved by verified expert
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The shift in supply curve means the curve is totally shifted toeither right side or left side and the factors that affect it aregiven in the question1 A number of sellers as there is the number of sellers of agood so supply will increaseif the supply of good increases then this will shift the wholesupply curve to the right because of more and more productivebecause of more production for the same goods by more number    See Answer
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