A movement along a supply curve is induced by a change in
A) input prices.
B) taxes and subsidies.
C) price expectations.
D) the product's own price.

Question

Quizplus · Accepted Answer

A movement along a supply curve is caused by a change in the product's own price, as it will affect the producer's willingness to supply more or less of the product at different price levels. Changes in input prices, taxes and subsidies and price expectations can shift the entire supply curve, but do not cause movements along it.

A Movement Along a Supply Curve Is Induced by a Change