Question

What are some factors that will shift a supply curve for business? explain on your findings. Also what products are in demand today due to Covid-19? List at least 5

Answer 1

Some of the factors that will shift the supply curve for business

1) Reduction in cost of input factors can get to make cost of production cheaper with which the supply increases and supply curve shift to the right

2)!Government support policies such as Subsidies can increase the supply due to reduction in cost of production

3) Reduction in the tax rate can also decrease the cost with which supply can increase

4) Technology increase can increase the productivity so that supply increases

5) more labour training programs can increase the productivity of labour as a result of which the supply increases

Due to Covid 19, the demand for certain products increased and there include

1) Face Masks

2) Hand Sanitizers

3) Hand Gloves

4) PPE kits

5) Medicines.