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Homework answers / question archive / Movements along versus shifts of supply curves : Consider the market supply of cereal
Movements along versus shifts of supply curves :
Consider the market supply of cereal. Complete the following table by indicating whether an event will cause a movement along the supply curve for cereal or a shift of the supply curve for cereal, holding all else constant
- A change in technology that makes it more costly to produce cereal : Movement Along / Shift
- A change in expectations about the future price of cereal : Movement Along / Shift
- A decrease in the price of cereal : Movement Along / Shift
An increase in cereal prices
It will result in a movement along the supply curve.
A change in technology that makes it more costly to produce
This will result in a shift in the supply curve.
A decrease in the number of producers
It will result in a shift along the supply curve.
