Causes of Supply Curve Shifts

The lecture covers the causes of shifts in the supply curve, focusing on cost of production, technological changes, exogenous factors, and government intervention through taxes and subsidies. It explains how each factor can cause inward or outward shifts in the supply curve, using examples like labor costs, fuel efficiency, climate conditions, and taxation types. The lecture aims to equip students with the ability to identify and analyze these shifts diagrammatically.

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