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What are the two factors displayed on a supply curve? How do they cause changes in the supply curve?

Respuesta :

alisha1molina

Answer:

Supply curve shift

The ceteris paribus assumption

Explanation:

Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price.

The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.

arshikhan8123

The two factors are given below.

  • Supply curve shift
  • The ceteris paribus assumption

What is a Supply curve shift?

Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price.

What is the ceteris paribus assumption?

Supply curves relate prices and quantities supplied assuming no other factors change.

Learn more about Supply curve shift here https://brainly.com/question/23364227

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