Movements along versus shifts of demand and supply curves consider the supply of

Question

Movements along versus shifts of demand and supply curves consider the supply of peanut butter. Which of the following would cause a movement along the supply curve (that is, change the quantity supplied) for peanut butter? Check all that apply A change in the price of labor (used in the production of peanut butter) A change in the number of producer A change in the price of peanut butter Which of the following would cause a shift of the supply curve for peanut butter' Check all that apply. A change in the price of labor (used In the production of peanut butter) A change in techno log y that makes it less costly to produce peanut butter A change in expectations about the future price of peanut butter

Explanation / Answer

a change in the price causes a movement along a supply curve any of the 3 changes (price of labor, technology, and expectations) would shift the supply curve.

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