Question

The following factors will cause a movement along a given supply curve:

a. Price
b. Technology
c. Government Subsidies
d. Both b and c

Answer 1

Changes in technology, government subsidies, and changes in production costs can cause a shift in the supply curve in markets for goods and services.

Step-by-step explanation:

In markets for goods and services, there are several factors that can cause a shift in the supply curve. Some of these factors include changes in technology, government subsidies, and changes in production costs. Changes in technology can improve efficiency and lower production costs, leading to an increase in supply. Government subsidies can also incentivize producers to increase their supply. These factors cause a shift in the supply curve, rather than a movement along the curve.