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Changes in Supply (4.2)

AB
Taxrequired payment to the government
Subsidypayment to private businesses by the government
Regulationrules passed by the government about how companies conduct business
resource pricesanything used in the the production of a good or service.
government toolstaxes, subsidies and regulation
technologyusually makes production less in turn more supply and profits
competitionincreases supply
prices of related goodschanges in one product's price can affect another
producer expectationsdecisions producers make based on future income and projections


Marion Jr. Sr. High School
Marion, NY

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