Headline Shifter Which Shifter? Increase/Decrease Drawing YN 1. Auto Workers Union agrees to wage cuts. 2. New Robot technology increases efficiency 3. Nationwide auto strike began at midnight 4. New import quotas reduce foreign car imports
Supply is to a great extent a component of production costs, for example, materials and labour (which mirror their chance expenses of elective uses to supply customers with different merchandise); the actual innovation accessible to join inputs; the number of producers and their absolute gainful limit over the given time span; and taxes, guidelines, or other institutional expenses of production. Above factors leads to a shift in the supply curves. Consumer preferences among various products are the main determinant of demand. The presence and costs of another commodity that are complementary or substitute items can alter demand. they are the factors that affect the demand curve and cause of shift also.
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