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If the world tilts to the left...
Movement along the Supply Curve is an indication of a change in Quantity Supplied.
A change in price level would cause movement along the demand curve, but would not cause the curve itself to shift.
just lead to a shift in the supply curve.
Changes in a producer's technology can lead to a SHIFT in the supply curve.
If the world tilts to the left...
Movement along the Supply Curve is an indication of a change in Quantity Supplied.
A change in price level would cause movement along the demand curve, but would not cause the curve itself to shift.
just lead to a shift in the supply curve.
Changes in a producer's technology can lead to a SHIFT in the supply curve.
true
there are few things that can affect a movement among the supply curve; for instances prices, low rate of income or inferior goods.
Change in market price will cause movement along the demand curve.
Movement up along the supply curve.
the price of a product
Workers at a major battery factory go on strike and stop production.If there was a change in the price of batteries would indicate movement along the supply curve. For example if the battery manufacturer raised the price of AA batteries from 3.50 to 3.95 since it would cause movement along the curve. In an ideal economics situation the price would change if the demand shifts or the supply shifts or the change in price will fall back to being equal.
explain graphically the movement along the demand curve