What Shifts the Supply Curve?

This video explores factors that shift the supply curve. How do technological innovations, input prices, taxes and subsidies, and other factors affect a firm’s costs and the price at which the firm is willing to sell a good? By answering these questions we have a better idea of how the supply curve will shift. This video walks you through examples and scenarios that illustrate this concept.
**TEACHER RESOURCES**
Supply and Demand 5-day HS unit plan: mru.io/7t0
Assessment questions: mru.io/principles-8a8e5
EconInbox, a free weekly email of class-ready news articles, videos, and more: mru.io/econinbox-9944e
More high school teacher resources: mru.io/high-school-06240
More professor resources: mru.io/university-teaching-1aaee
**CONTINUE LEARNING**
Next video-Exploring Equilibrium: mru.io/equilibrium-16c18
Interactive practice questions: mru.io/supply-curve-4fb77
Full Microeconomics course: mru.io/644
00:00 Introduction
00:20 Supply Shifters
01:09 Technological Innovation
02:53 Input Prices
04:30 Taxes and Subsidies
06:34 Expectations
07:49 Entry or Exit of Producers
08:53 Changes in Opportunity Cost
11:09 Supply Shifters Recap

[@davidtobillo-villegas4253]

this video taught me more than my teacher in a semester

[@rajasw4981]

True!!!!!!!

[@farwabalouch1453]

Exactly

[@StayLuminosa]

So real 😭

[@leetaeyong1354]

Us

[@sarahsettenda601]

A very good video and the speed is just right. Thank you for sharing.

[@MarginalRevolutionUniversity]

***TEACHER RESOURCES*** Supply and Demand 5-day HS unit plan: mru.io/0bs Assessment questions: mru.io/principles-29b64 More high school teacher resources: mru.io/high-school-f4a7d More professor resources: mru.io/university-teaching-9e230 ***CONTINUE LEARNING*** Next video-Exploring Equilibrium: mru.io/equilibrium-a1e84 Practice questions: mru.io/69666 Full Microeconomics course: mru.io/sp7

[@jatindersinghbhatti4308]

Thank you so much Sir. This Helped a lot.

[@mandlaluphondvo8936]

Hugely useful content. Great examples and easy to follow.

[@calvin_dabos]

consider other subjects as well... such as principles of management etc... really helpful videos

[@MarginalRevolutionUniversity]

Hi Calvin, Please feel free to suggest courses in our feedback forum. It gives other folks a chance to vote on ideas so that we can respond to demand. :) Thanks! Meg Link: feedback.mruniversity.com/forums/256087-suggest-a-course

[@rajyse]

simple teachings with appropriate examples

[@katefletcher5519]

Ready for my quiz! thanks so much

[@drallisimo34]

great explanations

[@nandinia1577]

Thanks! Love your videos!

[@honestlygio7830]

Thumbs up I haven't listened to the video but for a few seconds but to comment while I have the patience. I'm here because I'm taking my first macro course in college and its super complicated but this video makes sense thanks.

[@chlimonnatalie]

I wish you guys were my professors, I don’t understand anything my professor says😩

[@JesusIsMySavior643]

My professor mumbles

[@anasofiapalacios4337]

This video is my saving grace

[@tatyanagrossett8002]

This video was amazinggggg

[@MCSIyyappanv]

Thanks you very much for your videos

[@dhillonpb2260]

Pls answer this ququestion What effect does an increase in input price have on the supply curve of a commodity. Draw a diagram to explain the answer

[@caitlynryder8639]

This took forever for me to get. I thought I was dumb. Not too dumb to look it up, though. Thanks for your help!

[@sayedessasadat5408]

You are doing great

[@mariumkhalid8326]

easiest examples ...a good teacher thou

[@sparklyyy2645]

so if the price increases for inputs, the quantity supplied decreases?

[@IonSterpan]

Yes. If the price of an input increases, the cost of the activity which needs that input has increased. When the cost of an activity has increased, regardless of whether that activity is production or any other kind of activity, all other things equal, people are going to do less of it. Let's say I am going to the cinema every other week, and stay home watch TV every other week. I alternate, and overall I go two Sundays per month to the cinema and the other two Sundays I watch TV. The cost of going to the cinema is the price of the cinema ticket plus the price of the bus ticket. If the price of the bus increases enough, the cost of going to the cinema increases. I might go to the cinema only once a month and watch TV three Sundays per month.

[@gitanjali5775]

Proof that you can learn anything anytime and no school is involved

[@JamesWashingtonJ1st2015]

Great Teaching!!

[@GovindBhabutta]

j

[@abujanuariabuellao9568]

👌👌

[@batatambor]

I really think it was a bad exemple when you said that a new modified seed would allow supply to increase. If a modified seed would allow to use less fertilizer, the company would problably want to charge more in order to share the productivity gain with the costumer, hence an increase in price for the same quantity demanded is more likely. In addition, she would need to pay for the development of the seed and et cetera.

[@uhhjays6629]

"share the productivity gain with the customer" lmaooo; The example was made with a world in mind that wants to maximize the value for the consumer by any means necessary, not putting more cash in your wallet and calling it generosity.

[@unlikeschool]

Yes, I agree, not a good example. The fact that GMO seeds require less water does not (necessarily) mean the cost to produce them goes down, but rather that they are more valuable as a crop. This is assuming that "require less water" means the plants require less water. But, that might also mean that seed production becomes cheaper, since making seeds involves growing plants too. So yeah, not a very clear example.

[@mansurai8475]

Wow how sweet this video

[@johnbebita2970]

Illustrate what will happen to supply curve if the price of the dough which is the input price decreases. Explain.

[@moodifi]

Concerning tax: Why does it necessarily increase the demand curve and not just the minimum amount a seller wants for his good/quantity? The input costs actually raise the cost for creating a good, however the tax does not - it simply lowers the sellers surplus.

[@moodifi]

OK nvm, I was just being impatient.

[@toxiicpandawolf991]

I think your practice questions are down. Tried to submit my answers and they gave me an error code...

[@MarginalRevolutionUniversity]

+Toxiic Pandawolf Thanks we're checking.

[@caesarukal8848]

Increase costs is it means that increase price?

[@utopianintallect6219]

thanks

[@sudharsinir9940]

Thanks sir

[@juhanaislam7884]

8:40

[@gauravrai2933]

Better than college

[@saifaldeen8205]

يقول كلام نظيف وسهل 😴

[@dannl24]

11:33

[@cornishhome5272]

But the increase does not mean the price goes down it means that the company makes more profit. Who doesn't get that "supply curve shift"????

[@AMITSHARMA-qj2zf]

lucid explanantion

[@nthperson]

This explanation of the response of supply to changes in price and taxation works well for labor, capital goods and consumer goods. But, what about nature? What about land, which has an inelastic supply curve? Absent a high annual tax on the rent of land, owners of land will often withhold land from the market as prices are rising. This is particularly the case when land held has been acquired decades or even centuries before. The holding cost is very low and there is no financial pressure or incentive to bring the land to market, even under a leasehold arrangement that would permit periodic increases in ground rent charges in response to the increased demand for land. Land markets are the achillees heel of the neoclassical assertion that price clears all markets. Edward J. Dodson, M.L.A. Director School of Cooperative Individualism www.cooperative-individualism.org

[@xXChingon2480Xx]

I thought as cost increase the supply increases because consumers are willing to pay more so suppliers are willing to produce more.... explain if im wrong plz...

[@daphnescott2975]

K .. BC f

[@shanewthompson]

***** nxx. Ou

[@primqulovjurabek1538]

Shane Thompson

[@carlosaq95]

i thought he was saying weed

[@tarang2458]

haha me too

[@Narayan]

Watching at school lol

[@lvvqss]

I can't do this anymore

[@cookiecataj9368]

He looks like microwave leftovers if it were a person

[@newtonrhapson1453]

Just grow weed mate More easy to grow and consumer willing to pay high

[@sheikhspear6725]

i love u man #no homo

[@thaonttphfplhn]

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