Final answer:
Factors that can cause a shift in the supply curve in markets for goods and services include changes in production technology, changes in the prices of inputs, and government intervention.
Step-by-step explanation:
Factors that can cause a shift in the supply curve in markets for goods and services include:
- Changes in production technology: If a new technology is adopted that makes production more efficient, the supply curve will shift to the right, indicating an increase in supply.
- Changes in the prices of inputs: If the prices of inputs used in the production process increase, the cost of production increases and supply decreases, shifting the supply curve to the left.
- Government intervention: Government policies and regulations can impact the supply of goods and services. For example, subsidies can increase supply, while taxes or regulations can decrease it.