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Safari File Edit View History Bookmarks Window Help ng cengage.com MindTap- Cengage Learning 5% MINDTAP Assign. 3 Back to Assignment Attempts Keep the Highest: 2. Movements along versus shifts of supply curves Consider the market supply of donuts Compiete the foilowing table by indting for donuts, holding all else constant whether an event wW cause a movement along the supply cuve for donuts or a shift of the supply curve Movement Along Shift An increase in the number of producers A change in technology that makes it more costly to produce donuts An increase in the price of donuts Grade it N Save & 30 p 3 4 6

Explanation / Answer

a) Shift

Increase in number of producers increases supply of donuts by shifting supply curve rightwards.

b) Shift

When production becomes more costly then supply of donuts decreases in the market. As supply decreases due to change in factors other than the price of donuts, supply curve shifts leftwards.

c) Movement

Increase in price causes upward movement of supply curve.

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