Question

Supply is a powerful force in a free market.

In two to three sentences, explain some of the factors that cause shifts in supply and what effects these shifts may have.

Answer 1

Answer: Sample Response: Shifts in supply occur when the amount of goods available increases or decreases. Shifts in supply can happen when regulations are created, when competitors produces similar goods, or when the availability of labor or resources change.

Step-by-step explanation:

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