Declining Solar Panel Prices

The price of solar panels has been falling - as reported by the New York Times, and is mainly due to a change in supply. In reading the linked article, you will notice that their has been an increase in the number of firms producing solar panels, which we represent as a shift in the supply curve in class. Notice also that as the solar panel "supply curve" shifts to the right that the price of solar panels decreases, also as presented in class.