Question: Given below are the demand schedule and supply schedule for this product for one year. what are the two factors that could shift supply in

Given below are the demand schedule and supply schedule for this product for one year.

what are the two factors that could shift supply in the market for leather jackets. Provide an example for each and state whether supply would shift up or down.

Price Quantity Demanded
$160 450,000
$250 325,000
$325 285,000
$500 245,000
$700 205,000
$950 175,000
$1,200 100,000
$1,500 55,000
Price Quantity Supplied
$160 50,000
$250 75,000
$325 125,000
$500 160,000
$700 205,000
$950 300,000
$1,200 450,000
$1,500 525,000

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