oboloo Glossary

Supply Curve Shifters

oboloo Glossary

Supply Curve Shifters

Supply Curve Shifters are demand side changes that cause the supply curve to move either up or down. Supply curves represent the relationship between price and quantity; shifting provides a graphical depiction of how an economic event can affect these two variables. Examples of supply curve shifters include changes in production costs, advances in technology, changes in government regulations, expectations concerning future prices, and advancements in infrastructure. Understanding Supply Curve Shifters is important for businesses as it plays a crucial role in determining the cost of goods and services, pricing strategies, and the level of risk associated with investments.