name theer factors which might cause the supply cruve to shift? ecomomics?

Answer 1

1. Change in resource prices.
2. Change in supply
3. Change in demand.

Answer 2

There are a number of factors that affect the demand and supply of a product. The level of demand is determined by factors other than price, for example the level of incomes, tastes and advertising levels. A shift in the curve occurs when a factor other than price changes causing a change in the level of supply or demand AT EVERY PRICE. So no matter what the price is, there is either more or less demanded or supplied. For example, if incomes increased we would expect the demand for most goods to increase at all prices. A movement along the curve shows the response of consumers and producers to changes in price alone. Movements along the curve will occur because there has been a shift in either the demand or supply curve causing a surplus or shortage in the market, as market forces cause price to either rise or fall, consumers or producers will respond to the changing price altering the quantity they wish to buy or sell.