Knowee
Questions
Features
Study Tools

What does a movement along the supply curve indicate?Option     Change in consumer preferences     Change in government policies     Change in quantity supplied due to price change     Change in demand

Question

What does a movement along the supply curve indicate?Option     Change in consumer preferences     Change in government policies     Change in quantity supplied due to price change     Change in demand

🧐 Not the exact question you are looking for?Go ask a question

Solution

A movement along the supply curve indicates a change in quantity supplied due to price change. This happens when the price of a good or service changes, leading to a corresponding change in the quantity supplied, but all other factors remain constant. This movement can be either upwards or downwards on the supply curve.

Similar Questions

the effect of changes in price on quantity demanded, i.e. movement along the curve

The supply curve shifts in response to changes in non-price of supply. (Enter one word in the blank.)

A change in quantity demanded can be described as:Multiple choice question.a movement along the demand curve that results from a change in the good's own price.a shift in the supply curve that results from a change in the good's own price.a movement along the supply curve that results from a change in the good's own price.a shift in the demand curve that results from a change in the good's own price.

A movement along the supply curve is the result of a change in _______ , while a shift in the supply curve is the result of a change in ________.Multiple choice question.price; non-price determinantsnon-price determinants; pricedemand; priceprice; demand.

If a consumer’s income increases:   There will be a movement along the demand curve. You Answered  None of these   There will be no change in quantity Correct Answer  There will be a change in demand.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.