"Other things remaining the same,if the price of a good rises,the quantity supplied of that good increases." This sentence describes a
A) shift of a supply curve.
B) shift of the price curve.
C) movement along a supply curve.
D) movement along the price curve.
E) movement along the quantity curve.

Question

Quizplus · Accepted Answer

This sentence describes a movement along a supply curve, as it states that the quantity supplied increases in response to a price increase, holding all other factors constant. A shift of the supply curve would indicate a change in factors beyond just the price of the good, such as changes in technology, input costs, or regulations. The price curve and quantity curve are not commonly used terms in economics.

"Other Things Remaining the Same,if the Price of a Good