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The Law of Supply

Supply Factors

Factors which may lead to an increase in supply

An increase in the productivity of Australian workers
A decrease in wage rates
A fall in the official cash interest rate
An increase in the value of the Australian dollar
Improved weather conditions

Factors which may lead to a decrease in supply

Any decrease in the rate of productivity of Australian workers
An increase in wage rates
An increase in the cash rate
A decrease in the value of the Australian dollar
Natural disasters such as a drought

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