a. Please list 2 reasons why the supply curve for pizza would shift leftwards b. Please...
a. Please list 2 reasons why the supply curve for pizza would shift leftwards b. Please list 2 reasons why the supply curve for cornwould shift rightwards
Homework Answers
The reasons why the supply curve would shift leftwards or decrease:-
- the cost of production increases as when the cost of inputs such as vegetables,bread increases, the cost of production increases which will decrease the supply
- the taxes of pizza increase and the regulations increases which will decrease the supply and shift the supply curve to the left.
The reasons why the supply curve would shift rightwards or increase:-
- the technology used in the industry is innovated which increases efficiency so it reduces waste and requires less time which will increase the supply
- The taxes decreases or the market is not highly regulated thereby saving time and requiring less paperwork and procedures so the supply increases.
Add Answer to:
a. Please list 2 reasons why the supply curve for pizza would
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