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

Question

Quizplus · Accepted Answer

A change in price with everything else remaining constant leads to a movement along the existing supply curve, as suppliers adjust the quantity supplied in response to the change in price. Option B and D are incorrect as they suggest a shift in the supply curve while all other factors are unchanged, which is not possible. Option C is also incorrect as a rotation of the supply curve around the initial price does not make sense.

If the Price of a Good Changes but Everything Else