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The following diagram illustrates a change in supply.Outline four factors responsible for the change of the supply curve from SS to S1S1.

      

The following diagram illustrates a change in supply.
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Outline four factors responsible for the change of the supply curve from SS to S1S1.

  

Answers


sharon
- Decrease in cost of production
- Availability of factors of production
- Improved state of technology
- Favorable government policy / reduced taxation / increased supply
- Future expectation of decrease in price
- Entry of new firms into the industry
- Favorable natural factors
sharon kalunda answered the question on September 3, 2019 at 10:33


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