A change in the quantity supplied of a good is represented as a:
A) movement along a supply curve.
B) shift of a supply curve.
C) movement along the supply function.
D) shift of the supply function.

Question

Quizplus · Accepted Answer

A change in the quantity supplied indicates a movement along a supply curve, as the price of the good changes while all other variables remain constant. A shift in the supply curve, on the other hand, would indicate a change in variables such as technology, input prices or taxes, which would affect the supply of the good at all price levels. Similarly, a shift in the supply function would indicate a change in the functional relationship between supply and its determinants, while a movement along the supply function refers to a specific change in the dependent variable due to a change in the independent variable (usually the price of the good).

A Change in the Quantity Supplied of a Good Is