Question

When supply curve moves to right word it means supply ____​

Answer 1

It is represented by a movement ALONG a SINGLE supply curve. A change in supply is a shifting the supply curve because there is a new supply schedule. The supply curve either moves left or right (horizontally) since the prices stay the same and only the quantities change and quantity is on the horizontal axis . A positive change in supply when demand is constant shifts the supply curve to the right, which results in an intersection that yields lower prices and higher quantity. A negative change in supply, on the other hand, shifts the curve to the left, causing prices to rise and the quantity to decrease.