An increase in the price of a good is shown by a:
A) movement up and to the left along the supply curve.
B) movement down and to the right along the supply curve.
C) movement up and to the right along the supply curve.
D) movement down and to the left along the supply curve.

Question

Quizplus · Accepted Answer

An increase in price is shown by a movement up along the supply curve, and to the right along the x-axis. Therefore, the correct answer is C - movement up and to the right along the supply curve.

An Increase in the Price of a Good Is Shown