Which of the following will cause a change in the supply of a product?

Question

Quizplus · Accepted Answer

All of the factors listed (changes in input prices, alternative goods prices, and expected future prices) can cause a shift in the supply curve of a product. For example, an increase in the price of a supplier's input would increase the cost of production, leading to a decrease in supply. Similarly, if the price of alternative goods that could be produced with the same resources increases, suppliers may switch to producing those goods instead, decreasing the supply of the original product. Finally, changes in the expected future price of the product can also affect supply, as suppliers may adjust their production levels based on their expectations of future demand and prices.

Which of the Following Will Cause a Change in the Supply