Figure 4-11
-Refer to Figure 4-11.The movement from point A to point B on the graph is called

Question

Figure 4-11 
-Refer to Figure 4-11.The movement from point A to point B on the graph is called

Quizplus · Accepted Answer

The movement from point A to point B on the graph represents an increase in the quantity supplied, as the price of the product has increased and suppliers are willing to supply a higher quantity at the new price level. This is different from an increase in supply, which would shift the entire supply curve to the right.

Figure 4-11 -Refer to Figure 4-11.The Movement from Point a to Point