Which of the following best describes what happens when you move along the supply curve?
A) Quantity supplied changes as technology changes.
B) Quantity supplied changes as price changes.
C) Supply changes as price changes.
D) Supply changes as technology changes.

Question

Quizplus · Accepted Answer

When moving along the supply curve, the quantity supplied changes in response to changes in price. This is because a higher price incentivizes producers to supply more of the good or service, whereas a lower price incentivizes them to supply less. Changes in technology may shift the entire supply curve, but moving along the curve specifically refers to changes in quantity based on price.

Which of the Following Best Describes What Happens When You