Activity 2: Determinants of Supply Visible groups F3 Give one (1) example for each of the non-price determinants of supply. Explain what kind of shift will that particular determinant will cause to the supply curve. Example: 1. COST OF FACTORS OF PRODUCTION When labor costs increased, the total cost of production also increased which caused the supply to be decreased. This has resulted to a LEFTWARD shift in the supply curve.

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15:18
Activity 2: Determinants of Supply
moodle.nct.edu.om
Principles Of Microeconomics
Dashboard / My courses / BAEC1203
/ Section 4 Mr. Bryan
/ Activity 2: Determinants of Supply
Activity 2: Determinants of Supply
Visible groups
F3
Give one (1) example for each of the non-price determinants
of supply. Explain what kind of shift will that particular
determinant will cause to the supply curve.
Example:
1. COST OF FACTORS OF PRODUCTION
When labor costs increased, the total cost of production
also increased which caused the supply to be decreased.
This has resulted to a LEFTWARD shift in the supply curve.
Start or edit my journal entry You have not started this
journal yet
Transcribed Image Text:15:18 Activity 2: Determinants of Supply moodle.nct.edu.om Principles Of Microeconomics Dashboard / My courses / BAEC1203 / Section 4 Mr. Bryan / Activity 2: Determinants of Supply Activity 2: Determinants of Supply Visible groups F3 Give one (1) example for each of the non-price determinants of supply. Explain what kind of shift will that particular determinant will cause to the supply curve. Example: 1. COST OF FACTORS OF PRODUCTION When labor costs increased, the total cost of production also increased which caused the supply to be decreased. This has resulted to a LEFTWARD shift in the supply curve. Start or edit my journal entry You have not started this journal yet
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