Today's supply curve for ipods could shift in response to a change in

Name: Today's supply curve for ipods could shift in response to a change in
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A change in today's price of ipods would cause a movement along the supply curve, but it would not shift the supply curve itself. The number of buyers of ipods would impact demand, not supply. However, a change in the expected future price of ipods would affect the costs and incentives for producers to supply today, causing a shift in the supply curve.

Today's Supply Curve for Ipods Could Shift in Response to a Change