Which of the following will cause a movement along a good's supply curve?

Question

Quizplus · Accepted Answer

An increase in the price of the good will cause a movement along the supply curve as producers are willing to supply more of the good at a higher price.

Answer: A 
 An increase in the price of an input will cause a movement along the supply curve as it will increase the cost of production, causing producers to supply less of the good at the given price.

Answer: E 
 A subsidy on the producer of the good will cause a movement along the supply curve as it will decrease the cost of production, causing producers to supply more of the good at the given price.

Answers C and D are incorrect as they do not cause a movement along the supply curve. A more efficient production process or more firms entering the market will shift the supply curve to the right, while a less efficient production process or fewer firms in the market will shift the supply curve to the left.

Which of the Following Will Cause a Movement Along a Good's