oboloo Glossary

Supply Curve Shifter

oboloo Glossary

Supply Curve Shifter

Supply Curve Shifters are an economic phenomenon that occur when changes in the cost of producing a certain good or service cause the entire supply curve to shift up or down. This can be due to any number of factors, ranging from increases in wages and taxes to changes in technology. By understanding how shifts in the supply curve are caused, it is possible for businesses to anticipate demand and set prices accordingly. This can help businesses stay ahead of the competition and maximize profits.