- When the tax on apples is reduced, it becomes cheaper to sell apples. This would lead to an increase in supply.
- The invention of the machine would lead to an increase in the efficiency of picking apples. This would lead to an increase in supply.
- If the wages of apple pickers is increased, the cost of picking apples for an apple seller would increase. This would lead to a decrease in the supply of apples.
- The step taken by the orchard owners would lead to less apples been available. This would lead to a decrease in the supply of apples.
- If it is apple season, trees would produce more apple. This would lead to an increase in the supply of apples.
Supply measures the quantity of a good that is produced at a given price. Only a change in the price of a good leads to an increase or decrease in the quantity supplied of the good. Other factors lead to a change in the supply of a good.
<u><em>Factors that lead to a change in the supply of a good </em></u>
- A change in the number of suppliers
- A change in government policies.
- A change in the cost of production
- A change in the price of substitute products
An increase in supply leads to a rightward shift of the supply curve, while a decrease in supply leads to a leftward shift of the supply curve
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