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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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