SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level

» Start this Course
(Practice similar questions for free)
Question:

How can Changes to the Cost of Production lead to a Shift in the Supply Curve? [And Improved Tech]

Author: go kys



Answer:

-Increase in of the Cost of Production [Wages] will lead to Less Profits being made and Lead to a Left Shift. -Had it Decrease, and then more Profits would be made leading to More Profits being made and a Shift to the Right -If Technology Improves then Supply can be Increases as Cost of Production is Lowered.


0 / 5  (0 ratings)

1 answer(s) in total

Author

go kys
go kys