Describe five factors that may cause a shift in a good’s supply curve. Explain how other goods could impact the supply of a good

Five factors that may cause a shift in a good’s supply curve is discussed below in details.

Explanation:

Five factors that may cause a shift in a good’s supply curve are such as:

Improvement in technology leading to a fall in the cost of production.Reduction in factor costs creating a reduction in the factor of production.Increase in the number of firms in the Industry. It causes an increase in market supply even when the price of the commodity remains the same.The decrease in the cost of competing for merchandise. it promotes the producer to trade more at the current prices.The decrease in taxation increases sales due to decreases in the cost of production.

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