Answer to Question #214866 in Microeconomics for Tam

Question

determinants of supply leads to a movement along the supply curve or a shift in the supply curve.

Answer 1

There will be moving along with the supply curve if the price of goods changes. However, non-price-related factors that alter the supply of an item, such as technological advancements or increasing material costs, may cause the supply curve to shift outward or inward.