This causes the supply curve to shift leftward.
Expected future prices: If the price of a good is expected to rise in the future, then the supply of the good today decreases. Then increasing the price of good x will increase the supply of good y. Complements: Suppose good x and y are complements. If the firm is producing good x, and the price of good y increases, then the firm switches to good y, causing the supply of good x to decrease. Substitutes: Suppose good x and y are substitutes. Prices of Related goods produced: prices of related goods which firms make influence supply. This shifts the supply curve to the left. Prices of Factors of Production: if the prices for factors of production increases, then it becomes more costly, causing producers to produce less of the supply at the price. The supply curve can either shift rightward or leftward. So firms need to make sure that the extra addition unit cost is covered by the higher price in order to make profit. Rising Marginal Cost: the more units are produced, the higher the marginal cost of production. Increasing Opportunity Cost: The higher the price, more firms are willing to produce and sell because any higher opportunity costs can be covered by the higher price. Two reasons why the curve is upward sloping: 
Note: The supply curve is the same as the marginal cost curve we’ve seen last chapter. The supply curve function is Q s Q_ Q s is the number of quantity supplied Law of Supply: the higher the price of a good, the bigger the quantity supplied. The quantity supplied of a good or service is the amount that producers plan to make and sell during a time period at a specific price.
The firm is definitely making it and selling it. The firm has the resource and technology to produce it. When a firm supplies a good or service, then you assume 3 things:
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