Supply

Shift of the entire curve

never caused by the _______________ of the product-- price changes as a ______________

Increases of supply shift ______, causing price _______

decreases of supply shift ____, causing price to _______

ROTTEN

Causes shifts of the entire supply curve

Resource prices

If resource prices increase, the cost of production ________________, so supply at the available prices _____________, shifting _________, increasing ________________

If resource prices decrease, the cost of production ________________, so supply at the available prices _____________, shifting _________, decreasing ________________

other goods prices

2 goods, using similar resources, are produced by the same producer

Examples: volleyballs and basketballs

Alligator boots and alligator meat