Question

Heya user✨✨

✌️Explain movement along supply curve in point?

✌️Explain extension of supply in points?

Answer 1

Heya user!

Movement along the supply curve✨✨

➡️ Movement along the supply curve refers to a situation when change in supply of a commodity is related to change in own price of the commodity .

➡️Other determinants of supply (other than own price of the commodity) remain constant .

➡️Diagrammatically,it is shown as a downward or upward movement along the same supply curve .

Extension of supply ✨✨

➡️ Extension of supply refers to increase in quantity supplied due to an increase in own price of the commodity .

➡️ Extension of supply is study on the assumption that other determinants of supply
( other than own price of the commodity )are constant .

➡️ Extension Of supply leads to upward movement along the supply curve from left to right .

Answer 2

$\huge\mathfrak\red{Bonjour\:Mate}$

$\huge\bold{Answer}$________✌✌

♠️Like a movement along the demand curve, a movement along the supply curve means that the supply relationship remains consistent. Therefore, a movement along the supply curve will occur when the price of the good changes and the quantity supplied changes in accordance to the original supply relationship.