If a determinant of supply changes, other than price, then the supply curve will shift.

Name: If a determinant of supply changes, other than price, then the supply curve will shift.
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Question

Quizplus · Accepted Answer

Changes in determinants of supply, such as production costs, technology, or number of sellers, will cause the supply curve to shift, as these factors affect the quantity supplied at all price levels, independent of the price of the product itself.

If a Determinant of Supply Changes, Other Than Price, Then