Which of the following will cause, other things being equal, a movement along the supply curve for LED televisions?
A) An improvement in the technology of producing LED televisions.
B) An increase in resource costs for producing LED televisions.
C) A reduction in the price of LED televisions.
D) An expectation that the price of LED televisions will be lower in the future.

Question

Quizplus · Accepted Answer

A reduction in the price of LED televisions will cause a movement along the supply curve because as the price of the good decreases, producers will be willing to supply less at each price point.

A) An improvement in technology would shift the supply curve to the right, indicating that producers are able to supply more at each price point. 
B) An increase in resource costs would shift the supply curve to the left, indicating that producers are able to supply less at each price point. 
D) An expectation of lower prices in the future may affect the producer's decisions, but it does not directly cause a movement along the supply curve.

Which of the Following Will Cause, Other Things Being Equal