Along a supply curve,
A)supply changes as price changes.
B)quantity supplied changes as price changes.
C)supply changes as technology changes.
D)quantity supplied changes as technology changes.

Question

Quizplus · Accepted Answer

Along a supply curve, the quantity supplied changes as price changes. This means that as the price of a product increases, suppliers are willing to produce and sell more of it, and as the price decreases, they are willing to produce and sell less. The supply curve itself represents the relationship between the quantity supplied and the price of a product, and a shift in the supply curve can occur due to changes in factors such as production costs, technology, and supply chain disruptions.

Along a Supply Curve