Could you please check these thanks.
Directions: Supply can decrease and increase depending upon several factors. Also you must put if that factor increase/decreases amount of supply, if the supply curves to the left/right, and if the cost to produce is increasing/decreasing
Factors:
Cost of resources (decreasing):
Amount of supply: decreases
Supply shift curve: right
Cost To Produce: decreases
Cost of resources (increasing):
Amount of supply: increases
Supply shift curve: left
Cost to produce: increases
Productivity (decreases):
Amount of supply: increases
Supply shift curve: left
Cost to produce: increases
Productivity (increases):
Amount of supply: decreases
Supply shift curve: right
Cost to produce: decreases
New Technology/Speed of production (increases):
Amount of supply: increases
Supply shift curve: right
Cost to produce: decreases
Higher taxes:
Amount of supply: decreases
Supply shift curve: left
Cost to produce: increase
Lower taxes:
Amount of supply: increases
Supply shift curve: right
Cost to produce: decrease
Government pays subsidy:
Amount of supply: decreases
Supply shift curve: left
Cost to produce: increases
Demand Expected (increases):
Amount of supply: decreases
Supply shift curve: left
Cost to produce: increases
Demand Expected (decreases):
Amount of supply: increases
Supply shift curve: right
Cost to produce: decreases
A decrease in supply shifts the supply curve to the left. An increase to the right. -- Check number 1
A government subsidy lowers production costs -- should increase supply.
In general, changes in demand should not affect supply or the supply curve. However, one could make the argument that an increase in EXPECTED demand means an increase in expected prices which means firms will expand capacity -- that's is, increase supply
It seems like you have provided a list of factors and how they affect the supply in terms of amount, supply curve, and cost to produce. Here's a breakdown:
1. Cost of resources (decreasing): When the cost of resources decreases, the amount of supply decreases. This means that suppliers are producing less. The supply curve shifts to the right, indicating an increase in supply. Additionally, the cost to produce also decreases.
2. Cost of resources (increasing): On the other hand, when the cost of resources increases, the amount of supply increases. This means suppliers are producing more. The supply curve shifts to the left, indicating a decrease in supply. Also, the cost to produce increases.
3. Productivity (decreases): When productivity decreases, the amount of supply increases. So suppliers are producing more. The supply curve shifts to the left, indicating a decrease in supply. The cost to produce also increases.
4. Productivity (increases): Conversely, when productivity increases, the amount of supply decreases. Suppliers produce less. The supply curve shifts to the right, indicating an increase in supply. The cost to produce decreases.
5. New Technology/Speed of production (increases): When new technology or speed of production increases, the amount of supply increases. Suppliers produce more. The supply curve shifts to the right, indicating an increase in supply. The cost to produce decreases.
6. Higher taxes: Higher taxes lead to a decrease in the amount of supply. Suppliers produce less. The supply curve shifts to the left, indicating a decrease in supply. The cost to produce increases.
7. Lower taxes: On the other hand, lower taxes increase the amount of supply. Suppliers produce more. The supply curve shifts to the right, indicating an increase in supply. The cost to produce decreases.
8. Government pays subsidy: When the government pays a subsidy, the amount of supply decreases. Suppliers produce less. The supply curve shifts to the left, indicating a decrease in supply. The cost to produce increases.
9. Demand Expected (increases): When the expected demand increases, the amount of supply decreases. Suppliers produce less. The supply curve shifts to the left, indicating a decrease in supply. The cost to produce increases.
10. Demand Expected (decreases): Conversely, when the expected demand decreases, the amount of supply increases. Suppliers produce more. The supply curve shifts to the right, indicating an increase in supply. The cost to produce decreases.
Remember, these are general relationships between factors and supply, but the actual impact can depend on other factors and market conditions as well.