Event Movement Along Shift An increase in the price of straw, a good produced from the same inputs and in the same industry as wheat An increase in the price of wheat An increase in the price of inputs
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Complete the following table by indicating whether each event will cause a movement along the supply curve for wheat or a shift of the supply curve for wheat, holding all else constant.
Movement along the supply curve occurs when the price of the commodity under the consideration changes keeping all other factors constant. On the other hand, shift in supply curve occurs when all the factors except price of the commodity changes.
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