6. Does a change in producers' technology lead to amovement along the

1.	6. Does a change in producers' technology lead to amovement along the supply curve or to a shift in thesupply curve? Does a change in price lead to a move-ment along the supply curve or to a shift in the supplycurve?
Answer» Answer: A technological change would lead to a shift in SUPPLY CURVE. Only when quantity supplied gets affected by a change in PRICE of that commodity, movement would happen ALONG the supply curve. ... As regards to change in supply caused by factor other than price of the commodity, that would lead to a shift in supply curve.

6. Does a change in producers' technology lead to amovement along the supply curve or to a shift in thesupply curve? Does a change in price lead to a move-ment along the supply curve or to a shift in the supplycurve?

Answer»

Answer:

A technological change would lead to a shift in SUPPLY CURVE. Only when quantity supplied gets affected by a change in PRICE of that commodity, movement would happen ALONG the supply curve. ... As regards to change in supply caused by factor other than price of the commodity, that would lead to a shift in supply curve.

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6. Does a change in producers' technology lead to amovement along the supply curve or to a shift in thesupply curve? Does a change in price lead to a move-ment along the supply curve or to a shift in the supplycurve?​

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6. Does a change in producers' technology lead to amovement along the supply curve or to a shift in thesupply curve? Does a change in price lead to a move-ment along the supply curve or to a shift in the supplycurve?