Explain the difference between a movement along the supply curve vs

| November 24, 2016

1. Explain the difference between a movement along the supply curve vs. a shift in the supply curve: Name the factors that shift the supply curve for a good or service.

2. Identify and explain the factors of production of a good or service

3. How could a minimum wage create an incentive for illegal hiring practices and potentially create structural unemployment?

4. Explain the Law of Demand and the Law of Supply.

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