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The factor that causes a change in supply is
- a)Price of the substitute good
- b)Price of the given good
- c)Price of the inputs
- d)Price of the complementary good
Correct answer is option 'C'. Can you explain this answer?
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The factor that causes a change in supply isa)Price of the substitute ...
Supply is not constant over time. It constantly increases or decreases. Whenever a change in supply occurs, the supply curve shifts left or right. There are a number of factors that cause a shift in the supply curve: input prices, number of sellers, technology, natural and social factors, and expectations
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The factor that causes a change in supply isa)Price of the substitute ...
Supply is not constant over time. It constantly increases or decreases. Whenever a change in supply occurs, the supply curve shifts left or right. There are a number of factors that cause a shift in the supply curve: input prices, number of sellers, technology, natural and social factors, and expectations
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The factor that causes a change in supply isa)Price of the substitute goodb)Price of the given goodc)Price of the inputsd)Price of the complementary goodCorrect answer is option 'C'. Can you explain this answer?
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