The cost of production of a good can increase, which will cause profits to decrease. Will it cause the supply curve to increase or decrease?

Q: Which of the following will NOT shift the supply curve? Choose all that apply.    A. The price of…

A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity…

Q: What does the supply curve illustrate? a. The quantity suppliers are willing to sell at each and…

A: In a competitive market, the market forces of demand and supply of a good determine the equilibrium…

Q: If costs of production of good X increases what happens with supply or demand for good X? Explain!

A: Cost of production is the monetary value incurred on factor of production used to produce goods and…

Q: A supply curve which is partaken to the horizontal axis suggests that

A: The markets are the place where the buyers, or the consumers interact, and meet with the sellers.…

Q: The supply curve will shift to the right if there is: a change in consumer preferences for the good…

A: A supply curve is a graphical representation that describes the relationship between the cost of…

Q: Does a change in producers’ technology lead to a movement along the supply curve or a shift in the…

A: Answer to the question is as follows :

Q: The introduction of new technology can affect the amount of supply a business will produce. Will it…

A: The supply schedule illustrates what the firms can produce at every price point and how much they…

Q: A supply curve shows that *       sellers prefer high prices.       supply for the good is present.…

A: A supply curve shows a graphical representation of price of goods and quantity supplied of goods.…

Q: How does a market reach equilibrium without any outside intervention? Explain using the supply and…

A: A market will reach equilibrium without any outside intervention with the help of market forces. The…

Q: How will the market for melons be affected after Hurricane Dean?

A: Supply Shock: The term supply shock exhibits a rapid or sudden decline or a sudden increase in the…

Q: What is the slope of the given supply curve?

A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity…

Q: Explain the law of supply. Why does the supply curve slope upward? How is the market supply curve…

A: Supply is the volume of products that sellers are willing to sell in the market, at a given price.

Q: What best explains a shift in market supply curve to the right?

A: To find : Shift in market supply to right.

Q: what sort of shift in supply or demand would result in a market equilibrium with higher prices and…

A: Demand curve is downward sloping and supply curve is upward sloping in the price, quantity space.…

Q: An increase in equilibrium price and a decrease in equilibrium quantity is most likely the result…

A: Answer according to the given question equilibrium price is the price where the supply of the total…

Q: What happens in the graph when the price of bottled water rises? What happens when the price of…

A: The given graph shows the supply curve of bottled water in the market. It is an upward sloping curve…

Q: How does a change in production technology impact supply, demand and equilibrium price?

A: Change in Technology helps improving the volume of production thus resulting in decreased cost of…

Q: Ceteris paribus, an increase in the price of a good will cause the quantity demanded of the good to…

A: Producer surplus is defined as the difference between total revenue and total cost. It is the…

Q: Describe supply and explain how it can change.

A: In economics, the equilibrium is attained in the market with the help of the demand and supply…

Q: “There is constantly a shift in supply and demand curves and markets are never at equilibrium. As a…

A: Equilibrium is the state of balanced supply and demand in the market.

Q: What if a t-shirt company ramped up production until there was a huge supply? What positive and…

A: A ramp up is a critical expansion in the degree of output of an organization's items or…

Q: Suppose the demand curve for desktop computers shifts leftward and at the same time supply curve…

A: Given that the demand curve for desktop computers shifts leftward and at the same time supply curve…

Q: An increase in the cost of an input will cause the supply curve to shift _______ and result in an…

A: When the input cost increases, it is more expensive for the producers to produce the goods.

Q: If suppliers of tea cut supply in markets, what can we expect to happen to the market for coffee?

A: If tea supply decrease then it will leads to increase in its price and decrease in its quantity in…

Q: How would each of the following affect the U.S. market supply curve for corn? a. A new and more…

A: Thank You for the question. According to Bartleby's answering guidelines, we answer only 1st 3…

Q: A producer of coffee mugs notes that the price of mugs has risen over each of the past three years.…

A: Supply is defined as to the amount of a commodity that manufacturers are willing to make and sell in…

Q: What would cause a change in demand, and a change in supply?

A: Change in demand is caused by the demand factors other than price. Therefore the following factors…

Q: Hi! I'm fairly confident that the answer here is none of these, but I want to be as thorough as…

A: The demand curve is the curve that would describe the relation between the price of a commodity and…

Q: What happens to the price and quantity when the supply curve is perfectly inelastic, and the demand…

A: Elasticity of supply is defined as type responsiveness of the quantity supplied when price of the…

Q: Based on the figure below, an increase in the quantity of oil supplied but NOT in the supply of oil…

A: The given graph explains the change in the supply and quantity supplied in the oil market.

Q: Which way (if any) does the Supply Curve shift if there is a decrease in the number of sellers? If…

A: Why does supply curve shifts? Supply curve shifts when there are changes in production cost and…

Q: An increase in the population of a country will cause the demand curve to shift outward and supply…

A: The link between the quantity of the commodity that producers want to sell at various prices and the…

Q: In the market for some good, demand decreases and supply decreases. What prediction would you make…

A: Demand decreases and supply decreases.  Their effect on market depends upon the magnitude of change.…

Q: Which of the following would cause a supply curve to shift to the left? A. The cost of resources…

A: Supply curve(ss) is an upward sloping line which shows a positive connection between the price(P)…

Q: Supply in economics

A: Demand and supply are frequently, if not always, linked in economics and finance. The law of supply…

Q: What are the main characteristics of a lean supply system?

A: A lean supply system can be understood as a well-defined system that shows how a well-defined supply…

Q: Why does the supply curve slope upward

A: Supply refers to the producer’s side of the economy. It is the amount of commodity a producer is…

Q: Which of the following would not change the supply of a good? A A change in the price of the good. A…

A: The supply shows the positive relationship between the price level and the quantity supplied. The…

Q: If the cost of producing Good A falls, this will cause      A) an increase in the market price of…

A: In a market, the cost of producing any good influence the market equilibrium due to change in the…

Q: What does a supply schedule show? possible combinations of output as input prices vary projected…

A: supply curve shows that quantity of products supplied by the manufacturers.

Q: Resource X is necessary in the production of good Y. If the price of resource X decreases A) the…

A: Answer: Correct option: B (The supply curve of Y shifts rightward) Explanation: X is an input used…