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Supply vs Quantity Supplied

Which of thes...

Question

Which of these factors can cause a shift in the supply curve?

A

Changes in technology

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B

Changes in expectation

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C

Changes in the number of sellers

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D

Changes in the market price

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Solution

The correct options are
A
Changes in technology

B
Changes in expectation

C
Changes in the number of sellers

All the factors except a change in market price contribute to a shift in the supply curve. Change in price corresponds to the movement along the supply curve.

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