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10 cards from this deck
Quantity producers willing & able to make available at given price
Price changes only
Changes in factors other than price
Wages, raw materials, energy, rent, machinery expenses
Reduces quantity supplied; shifts supply curve left
Increases supply; shifts curve right (improves efficiency)
Taxes on spending (e.g., VAT, excise duties on petrol, alcohol)
Shifts supply left (additional cost to businesses)
Financial grant from govt to producers to encourage production
Costs, technology, indirect taxes, subsidies, external shocks
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