Ezra produces cotton candy that he sells at carnivals. Recently, a change occurred that makes him willing to sell less candy at each price. What happens to Ezra's supply curve?
A) There is a movement to the right along his supply curve.
B) There is a movement to the left along his supply curve.
C) There is a shift to the left of his supply curve.
D) There is a shift to the right of his supply curve.
Correct Answer:
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Q16: The law of supply states that:
A) ceteris
Q17: The law of supply implies that supply
Q18: The law of supply implies that supply
Q19: When the price of a good increases
Q20: What causes a movement to the right
Q22: How do you represent a seller's willingness
Q23: Use the figure The Supply Curve. What
Q24: Use the figure The Supply Curve. What
Q25: Use the figure The Supply Curve. What
Q26: Use the figure The Supply Curve. What
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