This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Market Supply: the sum of individual supply curves Shifts in supply ( change in supply ) are caused by a change in anything other than price. Movement along the supply curve ( change in quantity supplied ) is caused by a change in a price. If supply increase, the curve shifts out If supply decrease, the curve shifts IN Text book chapter 3 Q 4, 7...
View Full Document
- Winter '08