7. Movements along versus shifts of supply curves Consider the market supply of donuts. Complete the following table by indicating whether an event will cause a movement along the supply curve for donuts or a shift of the supply curve for donuts, holding all else constant. Event A decrease in the number of producers A decrease in the price of labor (used in the production of donuts) A decrease in the price of donuts Movement Along Shift O O O
7. Movements along versus shifts of supply curves Consider the market supply of donuts. Complete the following table by indicating whether an event will cause a movement along the supply curve for donuts or a shift of the supply curve for donuts, holding all else constant. Event A decrease in the number of producers A decrease in the price of labor (used in the production of donuts) A decrease in the price of donuts Movement Along Shift O O O
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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