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Factors Affecting Supply
Change in supply caused by a change in non-price factors (e.g. cost, state of technology) represented by a shift of the entire supply curve to the left (or right) when supply decreases (or increases).
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Input price/Factor prices e.g. wages and raw materials
e.g. Wages for workers (wage cut/less commission fee for the salesperson), supply State of technology--Improvement in technology e.g. Breakthrough in technology of mobile phone network mobile phone network supply
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Changes in the price of related goods---Joint supply
Price of one good quantity supplied Supply of another goods e.g. unique SMS service popular price quantity supplied Sellers’ expectation Price expected to drop Salespeople try their bestattract more customers to sign contract at a higher price Supply ensure enough mobile phone sim cards for the market.
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Change in Supply due to change in non-price determinants
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1997 1998 1999 2000 2001 Number of public mobile radio-telephone subscriber units (thousands) 2128 2898 3990 5234 5702 Number of public mobile radio-telephone subscriber units per 100 population 32.7 44.0 60.1 78.0 84.4
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