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Complete the following statement: An upward movement along the same supply curve shows _______. - Economics

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Question

Complete the following statement:

An upward movement along the same supply curve shows _______.

Options

  • contraction of supply

  • decrease in supply

  • expansion of supply

  • increase in supply

MCQ

Solution

An upward movement along the same supply curve shows expansion of supply.

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Chapter 4: Supply Analysis - Exercise [Page 44]

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Balbharati Economics [English] 12 Standard HSC
Chapter 4 Supply Analysis
Exercise | Q 1. (2) | Page 44

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