=+1. Explain whether each of the following events represents (i) a shift ofthe supply curve or (ii)

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=+1. Explain whether each of the following events represents (i) a shift ofthe supply curve or (ii) a movement along the supply curve.

a. More homeowners put their houses up for sale during a real estate boom that causes house prices to rise.

b. Many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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