An increase in the price of a particular good,with all other variables constant,causes
A) a movement along a given supply curve to a lower quantity supplied
B) a shift to a different supply curve with lower quantities supplied
C) a movement along a given supply curve to a higher quantity supplied
D) a shift to a different supply curve with higher quantities supplied
E) no movement along a given supply curve unless demand also changes

Question

Quizplus · Accepted Answer

An increase in the price of a good, with all other variables constant, results in a movement along the supply curve to a higher quantity supplied, as suppliers are willing to supply more at higher prices.

An Increase in the Price of a Particular Good,with All