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Question
What causes an upward movement along the supply curve of a commodity?
Solution
An upward movement along the supply curve is caused by increase in price.
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RELATED QUESTIONS
Which of the following factor may cause decrease in supply.
Match the following and select the correct option.
| Column I | Column II |
| (i) Expansion of supply | (A) Prices are expected to fall in future |
| (ii) Decrease in supply | (B) Fall in prices |
| (iii) Contraction of supply | (C) Prices are expected to rise in future |
| (iv) Increase in supply | (D) Rise in prices |
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