The change in the price of a good leads to a change in ________, which leads to a ________.

Question

Quizplus · Accepted Answer

The change in the price of a good leads to a change in the quantity supplied, not the supply itself. This results in a movement along the supply curve, not a shift of the supply curve. A shift in the supply curve would be caused by factors other than the price of the good itself, such as changes in production costs or technology.

The Change in the Price of a Good Leads to a Change