A change in the price of a good would NOT cause a shift in the supply curve. Instead, it would cause a movement along the supply curve. Shifts in the supply curve are caused by factors like changes in producer expectations, profits of sellers, or the number of sellers in the market, among others.
Which one would NOT cause a shift in the supply curve?
A change in producer expectations.
A change in the price of a good.
A change in the profits of sellers.
A change in the number of sellers.
1 answer
1 answer