An upward movement along the same supply curve results in...
An upward movement along the same supply curve results in
An increase in supply
A decrease in price
A decrease in quantity supplied
An increase in quantity supplied
Correct answer is D
A movement along the supply curve happens when the price of a commodity changes while other factors remain constant.
An upward movement along the supply curve indicates an Increase in quantity supplied of a commodity due to rise in its price, while a downward movement means a decrease in quantity supplied due to fall in prices.
Which of the following is the correct way to calculate total cost? ...
The expression of cost in terms of alternative forgone is referred to as ____? ...
The distinction between onshore and offshore operations in oil exploration lies in the ...
The first oil refinery in Nigeria was established at ...
Which of the following is not a source of finance for a one-man business? ...
An economic problem exists whenever ...
Labour productivity is the ratio of ...
Which of the following is not a negative effect of inflation ...