Change in supply refers to a shift, either to the left or right, of the entire supply curve, which means a change in the price-quantity relationship. Read on for details.

If a drought causes water prices to spike, the curve shifts to the left (S 3). ... If a new technology, such as a pest-resistant seed, increases yields, the supply curve shifts right (S 2).

For a long time, universities worked off a simple idea: knowledge was scarce. You paid for tuition, showed up to lectures, ...

Though the shape of both the long-run and short-run aggregate supply curves will remain the same, changes in corporate investment can shift the entire curve to the left or right.

You experience shifts along the demand curve all the time, whether you realize it or not. Let's say you find a pair of shoes you like, but the price is more than you're willing to pay.

This calls on businesses in the electronics supply chain to get ahead of the problem by adopting the shift-left approach. Here’s how and what it can mean for you.