Question

2) An upward movement along the same supply
curve shows
a.contraction of supply
b. decrease in supply
c.expansion of supply
d.increase in supply
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Answer 1

Answer:

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Answer 2

Answer:

change in price either causes supply curves to expand or contract. If the prices increase, other factors kept constant, there is an increase in the quantity supplied which is referred to as an expansion in supply. Graphically, this is represented as an upward movement along the same supply curve.