Other things being constant, the only way to move along a given supply curve for a product is for
A) the product's relative price to change.
B) the future relative price of related goods to change.
C) the number of sellers to change.
D) technological changes to occur.

Question

Quizplus · Accepted Answer

The law of supply states that as the price of a good or service increases, the quantity supplied will also increase, ceteris paribus. Therefore, the only way to move along a given supply curve is for the product's relative price to change. If the price decreases, quantity supplied decreases; if the price increases, quantity supplied increases.

Other Things Being Constant, the Only Way to Move Along