Does a change in the quantity supplied due to a price change is supply shift?

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1071471

2026-06-01 07:00

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No, a change in the quantity supplied due to a price change is not considered a shift in supply. Instead, it reflects a movement along the supply curve, which occurs when the price of the good changes while other factors remain constant. A shift in supply refers to changes in the supply curve itself, typically caused by factors like production costs, technology, or number of suppliers.

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