Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 4 - The Market Forces of Supply and Demand - Questions For Review - Page 86: 8

Answer

A change in technology is a determinant of supply that causes a shift of the curve. Price will always be a movement along the curve.

Work Step by Step

Understand the effects of the determinants of supply and how it is reflected on the curve as shift and how price is a movement.
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