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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
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Correct Answer: Option D
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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