JAMB - Economics (2008 - No. 12)
An upward movement along the same supply curve results in
an increase in supply
a decrease in price
a decrease in quantity supplied
an increase in quantity supplied
Wyjaśnienie
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