Which of the following causes a movement along the supply curve for a product?
A)An increase in the production cost
B)An increase in the number of sellers
C)An expectation of a higher future price
D)An increase in the tax on production
E)An increase in the price of that product

Question

Quizplus · Accepted Answer

An increase in the price of the product causes movement along the supply curve because producers are willing to supply more quantity of the product at a higher price due to increased profit margins. Other choices would cause a shift in the supply curve.

Which of the Following Causes a Movement Along the Supply