An upward movement along the same supply curve results in
ECONOMICS
JAMB 2008
An upward movement along the same supply curve results in
- A. an increase in supply
- B. a decrease in price
- C. a decrease in quantity supplied
- D. an increase in quantity supplied
Correct Answer: D. an increase in quantity supplied
Explanation
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
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