A shift of the supply curve is caused by a change in a good's own price.

Name: A shift of the supply curve is caused by a change in a good's own price.
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Question

Quizplus · Accepted Answer

A shift of the supply curve is caused by factors other than the good's own price, such as production costs, technology, or number of sellers. A change in the good's own price results in a movement along the supply curve, not a shift of the curve.

A Shift of the Supply Curve Is Caused by a Change