Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

2. a change in the price of a good, ceteris paribus, ____○ causes a shi…

Question

  1. a change in the price of a good, ceteris paribus, ____○ causes a shift in the supply curve○ is a determinant of supply.○ causes a change in supply.○ results in a change in quantity supplied.

Explanation:

Brief Explanations

In supply theory, ceteris paribus, a change in the price of the good itself leads to a movement along the supply curve, which is defined as a change in quantity supplied. Shifts in the supply curve (changes in supply) are caused by non-price determinants like input costs or technology, not the good's own price.

Answer:

$\circ$ results in a change in quantity supplied.