Results in a shift of the entire supply curve. Input prices - changes in input prices directly impact the cost structure of the firm. Price of alternative products - Changes in prices of other goods that a firm's inputs could be used to produce affects the position of the supply curve. The direction of the shift in supply depends on the relationship between the two products and is reflected in the cross-price elasticity of supply coefficient. This indicates that the two products are substitutes in production because they compete for the same resources.
Favorable weather shifts the supply curve to the right.
The quantity of a product demanded will vary inversely to the price of that product. As the price of a product increases, the quantity demanded decreases and visa versa. This is reflected in the downward sloping demand curve. Based on the consumer's fixed budget. Based on the consumer's marginal utility per dollar of expenditures on all products purchased by the consumer.