Microeconomics,, 16th Canadian Edition

(Sean Pound) #1
A change in quantity supplied can result from a change in supply with the price constant, a
movement along a given supply curve because of a change in the price, or a combination of
the two.

An exercise you might find useful is to construct a diagram similar to
Figure 3-4 , emphasizing the difference between a shift of the supply
curve and a movement along the supply curve.


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