Does a change in producers’ technology lead to a movement along the supply curve or a shift in the supply curve
Answers
Answered by
1
Answer:
A technological change would lead to a shift in supply curve. Only when quantity supplied gets affected by a change in price of that commodity, movement would happen along the supply curve. ... As regards to change in supply caused by factor other than price of the commodity, that would lead to a shift in supply curve
Similar questions