Advertisements
Advertisements
Question
What causes a downward movement along a supply curve?
Solution
A downward movement along a supply curve is caused by a decrease in price.
APPEARS IN
RELATED QUESTIONS
Which of the following factor may cause decrease in supply?
Increase or decrease in supply means ______.
If the cost of production is less than the supply will ______.
What do you understand by shifts of the supply curve?
Explain three factors causing a shift of the supply curve.
Define a decrease in supply.
If a farmer grows rice and wheat, how will a decrease in the price of wheat affect the supply curve of rice?
How does an decrease in price of an input affect the supply curve of a firm?
Discuss four factors which determine this phenomenon.
What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.
