Which of the following will cause a movement along the supply curve?

Question

Quizplus · Accepted Answer

Changes in the market price of a good, other things being constant, will cause a movement along the supply curve. This is known as a change in quantity supplied. When the price of a good increases, producers are willing to supply more of the good, and when the price decreases, producers are willing to supply less. Changes in the cost of raw materials, labour costs and machinery costs will cause a shift in the supply curve, rather than a movement along it.

Which of the Following Will Cause a Movement Along the Supply