Determinants and elasticities of supply GapFill

The law of supply states that as a price of a good  decreasesequalsquantifiesincreases so will supply, ceteris paribus. A   movementshiftdriftconstant shift along the same supply curve is caused by a change in   decreasingotherownrising price. A total   shiftexpansiondriftmovement is caused by other supply determinants.   Income elasticity of supplyPrice elasticity of supplyCross elasticity of supplyPrice elasticity of demand is the measure of responsiveness or sensitivity of   raw materialsquantitypricesupply supplied due to changes in own price of the good. Any supply curve that starts from the  originboilingvertical axishorizontal axis point has an elasticity of supply equal to  onezeroinfinitymore than one.