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Production Costs And Supply Change

Published on Mar 16, 2016

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1.

PRODUCTION COSTS AND CHANGE IN SUPPLY

BY CAMERON BROWN
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2.

Production Costs:
Business costs involved in the production of goods

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What happens when the supply changes?

  • A change in the price of a good will result in a motion along the supply curve.
  • A shift in supply can be caused by changes in consumer preferences or technological improvements.
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4.

SUPPLY&DEMAND

Cameron Brown