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2.) Explain what happens

to a given supply curve
as a result of each of the
following:
a. Resource prices fall.
b.Technology advances.
c. A quota on importing
a good is repealed.
d. A tax on producing a
good is repealed.

1 Answer

4 votes

Answer: a. On the off chance that asset costs drop, the fetched of creating a great diminishes, and firms can create more of the great at any given cost. This leads to a rightward move within the supply bend, demonstrating that firms are willing to supply a bigger amount of the great at each cost level.

b. On the off chance that innovation propels, the taken a toll of generation diminishes, which leads to an increment in supply at any given cost. This leads to a rightward move within the supply bend.

c. In the event that a standard on bringing in a great is canceled, firms can presently moment more of the great at a lower fetched. This leads to an increment within the supply of the great, coming about in a rightward move within the supply bend.

d. In case a assess on creating a great is canceled, the taken a toll of generation diminishes, and firms can deliver more of the great at any given cost. This leads to an increment within the supply of the great, coming about in a rightward move within the supply bend.

Step-by-step explanation:

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