Describe five factors that may cause a shift in a good’s supply curve. Explain how other goods could impact the supply of a good.

Cost of production, technology, weather, taxes, number of producers

Explanation:

a) Supply is the amount of goods that a supplier wants to supply to the market. The supply curve shows how much of a good or service sellers are willing to sell at any given price. Factors that cause a shift in a good’s supply curve are

b) If another good is at a higher price providing more profit, the supply of the original good would fall while the supply of the other goods increases and vice versa.

it allows businesses to raise prices on basic goods. it allows consumers to spend more money on products. it increases government revenue to fund public projects. it provides more money for government assistance programs.

explanation: