A movement along the supply curve might be caused by a change in

Question

Quizplus · Accepted Answer

A change in the price of the good or service being supplied will cause a movement along the supply curve. As the price of the good or service increases, suppliers are willing to supply more of the good or service to the market, resulting in an upward movement along the supply curve. Conversely, as the price of the good or service decreases, suppliers are willing to supply less of the good or service to the market, resulting in a downward movement along the supply curve. Changes in technology, supplier's input prices, or expectations about future prices are factors that can shift the supply curve, not cause a movement along the curve.

A Movement Along the Supply Curve Might Be Caused by a Change