-Give examples of how input costs and the government can make supply change

History

1 answer:

Vaselesa [24]3 years ago

7 0

Answer:

To summarize, the law of supply describes the behavior of sellers. Generally speaking, suppliers offer more of a good at higher prices than they do at lower prices. When this relationship is graphed, the result is a supply curve. A change in price results in shifting along different points of the supply curve and is called a change in the quantity supplied. When factors in the market change, the supply curve shifts to the left or the right. We call this a change in supply.

Explanation:

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