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Agriculture Economics QUESTION #11889
Question 1
A change in a determinant of supply other than a good's own price, such as input prices or technology, causes:
  • A movement along the supply curve
  • A shift of the entire supply curve✔️
  • A change in quantity supplied only
  • No change in the market
Correct Answer Explanation
Non-price determinants shift the entire supply curve, distinguishing 'change in supply' from a mere 'change in quantity supplied.'