Changes in supply curves can seem scary because of some challenges:
Input Costs: When the prices of raw materials go up, it can lower the supply. This makes the supply curve move to the left.
Technology: Using old technology can slow down production, which also shifts the supply to the left.
Government Policies: Taxes or rules from the government can make it harder for suppliers to sell.
Even though these factors can make the market tricky, there are ways to fix it.
For example, investing in new technology and getting better deals when buying materials in bulk can help ease these problems. This might help bring supply back to a healthier balance.
Changes in supply curves can seem scary because of some challenges:
Input Costs: When the prices of raw materials go up, it can lower the supply. This makes the supply curve move to the left.
Technology: Using old technology can slow down production, which also shifts the supply to the left.
Government Policies: Taxes or rules from the government can make it harder for suppliers to sell.
Even though these factors can make the market tricky, there are ways to fix it.
For example, investing in new technology and getting better deals when buying materials in bulk can help ease these problems. This might help bring supply back to a healthier balance.