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ChinoAntraxx ChinoAntraxx
  • 04-10-2016
  • Business
Answered

three factors that shift the supply curve

Verified Answer :

Robinstewart12 Robinstewart12
  • 04-10-2016

Firstly, it can not be due to a change in price.
So:
1. Improvement in technology (allows you to make more in the same amount of time).
2. Increase in capital (more machines/buildings means you can make more supply).
3. Changes with regards to the number of suppliers.

Taxes/subsidies/tariffs, price of other goods and change of recourses are also possible answers.

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