Managerial Economicsintermediate
Select ALL factors identified as possible causes of a supply-curve shift.
Answer
Production costs, Technology, Weather
Explanation
### Why this is right
- **Production costs** can change how much sellers are willing to supply at each price.
- **Technology** can change production methods and capacity, shifting supply.
- **Weather** can affect the ability to produce, especially in activities dependent on weather conditions.
### The concept
A supply shift changes the amount sellers offer at different prices. The good’s own price causes movement along the supply curve, not a shift. Productive capacity and by-product prices are further determinants identified in the course material.
### The other options
- **The good's own price**: this changes quantity supplied along the existing curve.
### Remember
A non-price production condition can shift supply; own price moves along it.
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