An increase in the price of milk would be shown by a
A) Rightward shift of the supply curve for milk
B) Movement up and to the right along the supply curve for milk
C) Leftward shift of the supply curve for milk
D) Movement down and to the left along the supply curve for milk

Question

Quizplus · Accepted Answer

An increase in the price of milk would result in a movement up and to the right along the supply curve for milk, as suppliers are willing to offer more milk at higher prices, reflecting a movement along the curve rather than a shift of the curve itself.

An Increase in the Price of Milk Would Be Shown