Answer
There are many things that impact supply. Some include: the price of similar goods, the profit of making the good, the costs of entering the market, the number of consumers who want to buy the good, the number of sellers, and the conditions set by the government for the given market. When these things change, the price of the good changes as well.
Work Step by Step
There are many things that impact supply. Some include: the price of similar goods, the profit of making the good, the costs of entering the market, the number of consumers who want to buy the good, the number of sellers, and the conditions set by the government for the given market. When these things change, the price of the good changes as well.
