Movement along versus shift of demand and supply curves. Consider the supply of
ID: 1191069 • Letter: M
Question
Movement along versus shift of demand and supply curves.
Consider the supply of peanut butter.
Which of the following would cause a movement along the supply curve Ithat it is a change in the quanitity supplied) for peanut butter? Check all that apply.
1. A change in the price of peanut butter
2. A change in the price of peanuts (used idn the production of peanut butter.
3. A change in the number of products
Which of the following would cause a shift of the supply curve for peanut butter? Check all that apply
1. A change in the price of peanut butter
2. A change in expectations about the future price of peanut butter
3. A change in the price of peanuts (used in the production of peanut butter.
Explanation / Answer
1. Ans: A change in the price of peanut butter.
2. Ans: A change in expectations about the future price of peanut butter.
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