How does the movement along the supply curve is differ from shift in supply curve?
Answers
Answered by
0
Answer:
Differentiate between the movement along the supply curve and shift of the supply curve. It refers to a change in quantity of a commodity supplied due to a change in the price of the commodity. ... Due to an increase in the price level, there is a movement from the left to the right along any supply curve.
Answered by
0
Answer:
When there is an increase in supply due to one or more than one non-price factor (which was held constant) such as production techniques, resource prices, changes in the price of other commodities, etc., there is a rise in supply.
Similar questions