A change in supply cannot be caused by a change in:

Question

Quizplus · Accepted Answer

A change in supply is caused by factors that affect the willingness or ability of suppliers to produce and sell a good at different prices. Changes in resource prices, technology, and the number of suppliers can all affect supply by changing production costs, increasing or decreasing the efficiency of production, or increasing or decreasing the number of suppliers who can enter the market. However, a change in the price of the good itself is a change in demand, not supply. Changes in demand reflect shifts in consumer preferences, income, or other factors that affect the willingness and ability of consumers to buy a good at different prices. Therefore, a change in the price of the good itself cannot cause a change in supply.

A Change in Supply Cannot Be Caused by a Change