Multiple Choice
Which of the following best describes what causes movement along a supply curve?
3. The Market Forces of Supply and Demand
Movement Along a Supply Curve
Struggling with Microeconomics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
In moving along a supply curve, which of the following is not held constant?
A
Number of sellers
B
Input prices
C
Technology
D
The price of the good itself
Verified step by step guidance1
Understand that a supply curve shows the relationship between the price of a good and the quantity supplied, holding other factors constant.
Identify the factors typically held constant when moving along a supply curve: number of sellers, input prices, and technology are all assumed fixed.
Recognize that when moving along the supply curve, the only variable that changes is the price of the good itself.
Therefore, the price of the good is not held constant when moving along the supply curve; it changes to show how quantity supplied responds.
Conclude that the correct answer is the price of the good itself, as it is the variable that changes along the supply curve, while other factors remain constant.
3:08mWatch next
Master Shifting Supply - Warning! with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Movement Along a Supply Curve practice set
Problem sets built by lead tutorsExpert video explanations