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

Question

Quizplus · Accepted Answer

Increases in the market price of a good, other things being equal, will cause suppliers to increase the quantity supplied, which results in upward movement along the supply curve. Increases in input costs such as raw-material costs, labor costs, and machinery costs will shift the supply curve upwards, resulting in a decrease in the quantity supplied at any given price level.

Which of the Following Will Cause a Movement Upward Along