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11111nata11111 [884]
4 years ago
10

Explain what is meant by a shift in the supply curve.

Social Studies
2 answers:
UNO [17]4 years ago
3 0

Answer:

A change in supply leads to a shift in the supply curve, which causes an imbalance in the market that is corrected by changing prices and demand. ... Essentially, there is an increase or decrease in the quantity supplied that is paired with a higher or lower supply price.

Explanation:

seropon [69]4 years ago
3 0

Answer:

Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.

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The text includes information that hunters and tourists killed Buffalo for sport, hides and skins. This threatened the survival of the Native Americans as they relied on their skin and meat for their survival.

For hundreds of years, Native Americans relied on buffalo for their survival and well-being, using every part of the buffalo for food, clothing, shelter, tools, jewelry and in ceremonies.

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