Graphically, a change in price causes:
A) both supply and demand to shift.
B) the demand curve to shift.
C) a movement along a given supply curve, not a shift.
D) the supply curve to shift.

Question

Quizplus · Accepted Answer

A change in price causes a movement along the supply curve, not a shift. A shift in the supply curve would be caused by factors other than price, such as changes in production costs or technology.

Graphically, a Change in Price Causes