Price isn't the only thing that affects the quantity supplied.
Log in Chom Arnold 8 years agoPosted 8 years ago. Direct link to Chom Arnold's post “The bottom table lists "a...” The bottom table lists "a decline in technology" as a factor that decreases supply, going on to say this is not common. When would this ever be the case? • (52 votes) Roan de Wet 8 years agoPosted 8 years ago. Direct link to Roan de Wet's post “Another take on "decline ...” Another take on "decline in technology" may be the discovery of environmental hazards or health risks. If a certain manufacturing technique is found to be hazardous to humans or the environment after it has been implemented it may be banned. If no alternative technique can match it's efficiency there may be a decline in supply. Examples: CFC's in refrigeration or asbestos. (29 votes) iamunke 8 years agoPosted 8 years ago. Direct link to iamunke's post “Hi!On his video, he poin...” Hi! In this guide there are only 4 points listed where two of them are different to those he listed in the video: So which factors should i follow or refer to? The video or this article? • (7 votes) Tejas 8 years agoPosted 8 years ago. Direct link to Tejas's post “Both. The article is bein...” Both. The article is being a lot more general, while the video is giving specifics. But, in most problems, you will use one of the five factors that Sal gives in the video. navporky 8 years agoPosted 8 years ago. Direct link to navporky's post “Under "Govt Policies", it...” Under "Govt Policies", it mentions that "Taxes are treated as costs by businesses" and the example of taxes on alcohol is on the sales side, I understand but don't all businesses add taxes over and above the price of any product/ service (which itself would have been arrived at considering input cost, profit margin desired and substitute price?) i.e price + taxes? It's something that businesses pass on to the consumer as is. Thus, under what conditions is this statement true about businesses considering taxes as cost? • (8 votes) Tejas 8 years agoPosted 8 years ago. Direct link to Tejas's post “Taxes are added on, and s...” Taxes are added on, and so what would happen is the supply curve would shift upward by the amount of the tax. (2 votes) Amanuel Mehari 8 years agoPosted 8 years ago. Direct link to Amanuel Mehari's post “This is going to sound st...” This is going to sound stupid but ... • (2 votes) Aviral Goel 8 years agoPosted 8 years ago. Direct link to Aviral Goel's post “As Supply Increases, Pric...” As Supply Increases, Prices does Decreases. What you are assuming is correct. Just try to interpret the graph once again. (4 votes) sierrajdancy 5 years agoPosted 5 years ago. Direct link to sierrajdancy's post “What would be an example ...” What would be an example for supply to shift left because of education? • Ben McCuskey 5 years agoPosted 5 years ago. Direct link to Ben McCuskey's post “Not sure if this is accur...” Not sure if this is accurate, but it could be possible that if the government reduced spending on education and the result was a less productive workforce that would increase the cost of producing and supply would shift to the left. (4 votes) Mariama Etienne 8 years agoPosted 8 years ago. Direct link to Mariama Etienne's post “What direction will the s...” What direction will the supply curve shift, based on an EXPECTED increase in the cost of production? • (1 vote) Enn 8 years agoPosted 8 years ago. Direct link to Enn's post “An expected increase in t...” An expected increase in the cost of production will result the producers supplying lesser and therefore the supply curve will shift leftwards. (3 votes) Katelynn Mason 5 years agoPosted 5 years ago. Direct link to Katelynn Mason's post “Wait so let me get this s...” Wait so let me get this straight, the higher the price it will go right, and the less the price is it will go left ? • (2 votes) daniella a month agoPosted a month ago. Direct link to daniella's post “Yes, you have grasped the...” Yes, you have grasped the concept correctly. In the context of supply curves, a higher price typically motivates suppliers to produce more, leading to an increase in supply, which shifts the curve to the right. Conversely, a lower price reduces the profitability of production, prompting suppliers to decrease their output, resulting in a decrease in supply and a leftward shift of the curve. (1 vote) minnesotawildrock15 8 years agoPosted 8 years ago. Direct link to minnesotawildrock15's post “if you were to look at it...” if you were to look at it from a production stand point, would the increase in price of steel shift the supply curve to the left (more expensive the less you can make) ? • (1 vote) vyking666 6 years agoPosted 6 years ago. Direct link to vyking666's post “If a factor, for example,...” If a factor, for example, natural condition causes decrease in quantity supplied, won't the price drop too? Or is the price held constant for changes in factors? • (1 vote) Andrew M 6 years agoPosted 6 years ago. Direct link to Andrew M's post “No, the price would incre...” No, the price would increase. THat's a leftward shift in the supply curve, a shift in supply, not just a shift in a particular quantity supplied at a particular price. Make sure you understand the difference between movement along a curve (change in quantity supplied) and shift of curve (change in supply) (2 votes) kariukiclaris 5 years agoPosted 5 years ago. Direct link to kariukiclaris's post “does devaluation of curre...” does devaluation of currency affect supply? • (1 vote) melanie 5 years agoPosted 5 years ago. Direct link to melanie's post “If we are talking about f...” If we are talking about floating exchange rates (that is, the currency's value isn't pegged) its more the other way around: an increase in supply devalues a currency. Currencies depreciate when the supply of that currency increases or if the demand of that currency decreases. (2 votes)Want to join the conversation?
On his video, he pointed out 5 factors that impacts supply:
1) Price of related product
2) Number of suppliers
3) Price Expectation
4) Technology
5) Price of inputs
1) Natural conditions
2) Input of price
3) Technology
4) Gov. Regulation
when the shifts to left and right happen, how come it doesn't affect the price?
The moment the Quantity goes down as a result of lets say Cost related reasons, I would assume that the price would change as a result but it doesn't. how come?
