Figure 4-10
-Refer to Figure 4-10.The movement from Point A to Point B represents a(n)
A)increase in the price.
B)decrease in the quantity supplied.
C)shift in the supply curve.
D)Both a and b are correct.

Question

Figure 4-10 
-Refer to Figure 4-10.The movement from Point A to Point B represents a(n)
A)increase in the price. 
B)decrease in the quantity supplied. 
C)shift in the supply curve. 
D)Both a and b are correct.

Quizplus · Accepted Answer

The movement from Point A to Point B represents a decrease in quantity supplied, as there is a movement along a fixed supply curve due to a decrease in price. This is represented by a movement along the same supply curve, rather than a shift in the curve which would represent a change in supply at all prices.

Figure 4-10 -Refer to Figure 4-10.The Movement from Point a to Point