Answer:
Cost of production, technology, weather, taxes, number of producers
Explanation:
a) Supply is the amount of goods that a supplier wants to supply to the market. The supply curve shows how much of a good or service sellers are willing to sell at any given price. Factors that cause a shift in a good’s supply curve are
b) If another good is at a higher price providing more profit, the supply of the original good would fall while the supply of the other goods increases and vice versa.
Answer:
Five factors that may cause a shifts in a goods supply curve include cost of production, number of producers, Technology, weather, and lower taxes. When to cost of production increases, the firm reduces supply shifting the supply curve to the left and vice versa. For reduction in cost the cost of production which shift the curve to the right. An increase in number of producers lead to more supply shifting, the supply curve to the right and decreases in the number of producers that shift the supply curve left. The use of technology leads to more production and supply shifting to the curve to the right. Bad weather leads to the reduction in supply, shifting the curve to the left. Lower taxes reduces the the cost of goods shifting the curve to the right.
Explanation:
Took this from the person above. Changed it slightly
