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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

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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 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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