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Movements along versus shifts of supply curves Consider the market supply of peanut butter

Economics

Movements along versus shifts of supply curves

Consider the market supply of peanut butter.

Complete the following table by indicating whether an event will cause a movement along the supply curve for peanut butter or a shift of the supply curve for peanut butter, holding all else constant.

 

Event Movement Along Shift
A decrease in the price of labor (used in the production of peanut butter)    
An increase in the price of peanut butter    
A decrease in the number of producers

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