English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

2 answers

The supply curve shifts. If the influence increases the cost of production the supply curve moves down (or to the right) and an decrease will move it up (or to the left).

2007-01-29 07:12:42 · answer #1 · answered by meg 7 · 1 0

The Law Of Supply given by economist Dr. Alfred Marshall states that "other things being equal, when price is less supply is less and when price is more supply is more"
therefor the supply curve will slope upward from left to right indicating positive relationship between price and supply.
if factors of supply such as income of consumer,climatic condition, transport condition,etc. changes then there would be change in supply which will affect supply curve and ultimately it will affect law of supply

2007-01-29 14:22:02 · answer #2 · answered by agent 47 1 · 0 0

fedest.com, questions and answers