Which of the following will cause a movement along the supply curve for oil?

Question

Quizplus · Accepted Answer

An increase in the price of oil will cause a movement along the supply curve. As the price of oil increases, producers will move along the supply curve, increasing the quantity supplied.

Answer: D 
 A government tax on oil producers in Texas will cause a movement along the supply curve. The tax will increase the cost of production for oil producers, resulting in a decrease in the quantity supplied, and a movement along the supply curve.

Which of the Following Will Cause a Movement Along the Supply