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4 November, 06:39

Three factors that shift the supply curve

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  1. 4 November, 06:54
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    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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