Explain what would happen to Acme Corporation's supply curve if each of the following happens. Be sure to support your answers:

1. The wages paid to workers increase.
2. Acme installs a new technology that increases labor productivity.
3. The price of Acme's product increases.
4. Acme repairs its existing facility that was damaged by a storm.

Be sure to reference at least one scholarly source to support your answer.

The answer should explain:

Identify factors that shift the supply curve

Explain the difference between a shift in supply and a movement along the supply curve