Factors affecting the market supply Cost

1. Technology, the tech as lowered its production lately since consumers are not going for more second hand product, we spoke to a technology market analyst and he told us that they are slowing production so that they can cover production cost without suffering too much lost until the market pick up again.

2. Input price., imputing the price is based on wages price, in a example of an automobile section, an input price will be the reduction in the wage paid to autoworkers lowers production cost and increase supply.

3. Price of related goods, for us to really understand the market function, we don't only look at one particular product, we look at all related product as they tend to affect each other, example if truck prices fall, the supply of cars will rise or vise versa.