[ syll. may-te, ma-yte ] The baby girl name Mayte is pronounced as M EY-T- â . Mayte has its origins in the Basque language. Mayte is a variant form of the Basque and Spanish Maite. Mayte is also a variant form of the name Maite.Mayte is not popular as a baby girl name. It is not in the top 1000 names. syll. may-te, ma-yte ] The baby girl name Mayte is pronounced as M EY-T- â . Mayte has its origins in the Basque language. Mayte is a variant form of the Basque and Spanish Maite. Mayte is also a variant form of the name Maite.
Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.
Shift Effects. Upward shifts in the supply and demand curves affect the equilibrium price and quantity. If the supply curve shifts upward, meaning supply decreases but demand holds steady, the equilibrium price increases but the quantity falls. For example, if gasoline supplies fall, pump prices are likely to rise. If the supply curve shifts downward, meaning supply increases, the equilibrium price falls and the quantity increases. If refineries supply more gasoline, pump prices are likely to fall if there is no corresponding increase in demand.