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Will a technological advance shift the supply or demand curve?
it will shift the supply curve to the right
Does a change in producers' technology lead to a movement along the supply curve or shift in the supply curve?
just lead to a shift in the supply curve.
Does a change in producers' technology lead to a movement along the supply curve or a shift in the supply curve?
Changes in a producer's technology can lead to a SHIFT in the supply curve.
What is a rightward shift of a supply curve?
A rightward shift is an increase in supply.
Which way will an increase in labor cost shift the supply curve?
An increase in labor cost will decrease supply, so the supply curve will shift left.
Will a technological advance shift the supply or demand curve?
it will shift the supply curve to the right
Does a change in producers' technology lead to a movement along the supply curve or shift in the supply curve?
just lead to a shift in the supply curve.
Does a change in producers' technology lead to a movement along the supply curve or a shift in the supply curve?
Changes in a producer's technology can lead to a SHIFT in the supply curve.
What is a rightward shift of a supply curve?
A rightward shift is an increase in supply.
Which way will an increase in labor cost shift the supply curve?
An increase in labor cost will decrease supply, so the supply curve will shift left.
What are the three characteristics of a supply curve?
The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.
Which direction would the supply curve shift if there was a decrease in supply?
leftward
A decrease in supply is represented by?
Shift of the curve to the left.
What is change in supply?
It is a change in the schedule and a shift of the curve.
What is a change in the schedule and a shift of the curve?
Change in supply.
What does it mean when the supply curve shifts to the right?
A shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though price remains the same. So a shift to the right would mean the good quantity suppled has increased even the the price is still the same.
Which will not cause the supply curve to shift?
A change in price level would cause movement along the demand curve, but would not cause the curve itself to shift.
