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.

The price of a good versus the quantity supplied can be graphed. The quantity supplied is given on the x-axis (the horizontal axis) and the price is given on the y-axis (the vertical axis). The line of this graph is called the supply curve. On a supply curve, the quantity supplied increases as price increases. Suppliers are motivated to produce more if prices are higher and therefore earnings from sales are greater. The supply curve shows the relationship between the quantity and price. There are other factors that influence quantity, but they do not affect the supply curve.

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