Talk about how An increase in supply means sellers will sell more of the good at all prices and is shown as a right shift in the supply curve.

500 word summary on SUPPLY

Talk about determinants of supply
1. Input costs, input prices, resource prices. (these all mean the same thing)
2. Taxes
3. Technology
4. # of sellers
5.Price of OTHER goods that the company makes
6. seller expectations

Talk about law of supply

The Law of Supply holds all else constant but one of things changes it changes the whole supply.

Also talk about how An increase in supply means sellers will sell more of the good at all prices and is shown as a right shift in the supply curve.

An decrease in supply means sellers will sell less of the good at all prices and is shown as a left shift in the supply curve.

Talk about how An increase in supply means sellers will sell more of the good at all prices and is shown as a right shift in the supply curve.
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