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Attributed to Libby Rittenberg and Timothy Tregarthen Saylor.orgFigure 3.11 KEY TAKEAWAYS willing to sell at a particular price during a particular period, all other things unchanged..

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Attributed to Libby Rittenberg and Timothy Tregarthen Saylor.org

Figure 3.11

KEY TAKEAWAYS

willing to sell at a particular price during a particular period, all other

things unchanged

during a particular period, all other things unchanged A supply curve

shows this same information graphically

quantity supplied—a movementalong the supply curve

as a shift of the supply curve Supply shifters include prices of factors

of production, returns from alternative activities, technology, seller

expectations, natural events, and the number of sellers

a decrease in supply is shown as a shift to the left

TRY IT!

If all other things are unchanged, what happens to the supply curve

for DVD rentals if there is (a) an increase in wages paid to DVD rental

store clerks, (b) an increase in the price of DVD rentals, or (c) an

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