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11. Movements along versus shifts of supply curves Consider the market supply of wine. Complete the following table by indicating whether an event will cause
11. Movements along versus shifts of supply curves Consider the market supply of wine. Complete the following table by indicating whether an event will cause a movement along the supply curve for wine or a shift of the supply curve for wine, holding all else constant. Event Movement Along Shift A decrease in the price of grapes (used in the production of wine) O O An increase in the price of wine O O A change in technology that makes it less costly to produce wine O O
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