11. Movements along versus shifts of supply curves

Consider the market supply of cereal.

Complete the following table by indicating whether an event will cause amovement alongthe supply curve for cereal or ashiftof the supply curve for cereal, holding all else constant.

Event Movement Along Shift

a) A decrease in the price of cereal

b) A change in technology that makes it less costly to produce cereal

c) A change in expectations about the future price of cereal