the price of a product
there are few things that can affect a movement among the supply curve; for instances prices, low rate of income or inferior goods.
Movement along the Supply Curve is an indication of a change in Quantity Supplied.
true
If the world tilts to the left...
Movement up along the supply curve.
there are few things that can affect a movement among the supply curve; for instances prices, low rate of income or inferior goods.
Movement along the Supply Curve is an indication of a change in Quantity Supplied.
true
If the world tilts to the left...
Movement up along the supply curve.
just lead to a shift in the supply curve.
plate tecteconics
Changes in a producer's technology can lead to a SHIFT in the supply curve.
Their fertility and water supply.
runoff
It causes and earthquake
There is two types of increase for supply. 1) Movement along the demand curve (upwards or downwards) which is subjected to the shifting of the demand curve 2) Shift of the supply curve. For the first case, the supply curve does not shift but there is increased production to meet the new market demand. Supply will increase as there is a upward movement along the supply curve, and until the new market equilibrium is achieved. For the second case, Supply shifts right and hence the upward movement along the demand curve.