Shifts to the Right

Definition

When the supply curve shifts to the right, it means that producers are willing and able to sell more of a good at every price level. This can be caused by factors such as technological advancements, decrease in production costs, or increase in the number of suppliers.

Related terms

Shifts to the Left: The opposite of shifting to the right, this refers to when the supply curve moves inward due to factors that reduce producers' willingness or ability to sell goods.

Input Costs: The expenses involved in producing goods or services, such as labor costs, raw material costs, and energy costs.

Subsidy: A payment from the government given to producers in order to lower their production costs and encourage increased output.