109k views
4 votes
How does a change in Expectations cause a change in supply?

User Separius
by
9.1k points

1 Answer

3 votes
A change in the number of sellers in an industry changes the quantity available at each price and thus changes supply. An increase in the number of sellers supplying a good or service shifts the supply curve to the right; a reduction in the number of sellers shifts the supply curve to the left.
User Stepagrus
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.