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  • 13-11-2020
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Why do factors the cause a change in individual supply also affect the market supply curve

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palexis
palexis palexis
  • 13-11-2020
Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.
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