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22 August, 15:12

What are the supply shifters?

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  1. 22 August, 16:26
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    All factors influencing supply other than price of the commodity.

    Explanation:

    Supply shifters are all factors influencing supply (other than price of the commodity) such as relative price, level of technology, cost of production, weather, future price expectations, number of producers, natural disasters, government policy and aims of the producer. These factors can shift supply either to the left or right.
  2. 22 August, 16:41
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    Answer: A change in the price of a good or service causes a change in the quantity supplied-a movement along the supply curve ... Supply shifters include prices of factors of production, returns from alternative activities, technology, seller expectations, natural events, and the number of sellers.
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