© Biz/ed


© Biz/ed


Supply curve shifting right

Supply curve shifting left

Raw materials are bought from a new, cheaper supplier

The rate of VAT increases

New machinery is bought which improves productivity

A government subsidy for TV producers is reduced

The cost of electricity to industrial users increases

Wage levels increase at a faster rate than improvements in productivity


Supply Curve Shifts to the Right

Source: Ferl



Supply Curve Shifts to the Left

Source: Ferl