why does movement and shift in supply curve take place? answer in detail.
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When the price of a product changes it will result in a movement along either a demand or supply curve. When a non-price determinant of demand or supply changes (assuming price is constant) it will cause a shift in the position of the demand or supply curve.
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This is because of the direct relationship between the two. ... A change in price either causes supply curves to expand or contract. If the prices increase, other factors kept constant, there is an increase in the quantity supplied which is referred to as an expansion in supply.
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