MyQuestionIcon

3

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Supply vs Quantity Supplied

Which of thes...

Question

Which of these factors can cause a shift in the supply curve?

A

Changes in technology

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Changes in expectation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Changes in the number of sellers

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Changes in the market price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct options are
A
Changes in technology

B
Changes in expectation

C
Changes in the number of sellers

All the factors except a change in market price contribute to a shift in the supply curve. Change in price corresponds to the movement along the supply curve.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Define market supply. Explain the factor 'input price' that can a change in supply.

Q. ___ arises due to changes in market conditions i.e. Fluctuations in demand and supply, changes in prices or changes in fashion and tastes of customers.

Q. The supply is _________, when a small change in price causes a greater change in quantity supplied.

Q. The term "___________" refers to loss of usefulness arising from external factors like technological changes, improvement in production process, legal changes or restriction changes in market demand etc.

Q. According to the Le Chatelier's principle, changes in which of the following factor(s) will cause a shift in a chemical equilibrium?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Supply Shifters

ECONOMICS

Watch in App

explore_more_icon

Explore more

Supply vs Quantity Supplied

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon