If the price of a good changes but everything else influencing suppliersʹ planned sales remains constant, there is a

Question

Quizplus · Accepted Answer

A change in price causes a movement along the supply curve, as suppliers adjust the quantity they are willing to supply at a given price. The shape and position of the supply curve remain constant as long as everything else influencing suppliers' planned sales also remains constant. Therefore, there is no new supply curve or rotation around the initial price.

If the Price of a Good Changes but Everything Else