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