QuestionJuly 15, 2025

True or False Question True or false: A change in one of the determinants of supply results in a movement along the supply curve. True False C Need help? Review these concept resources. Read About the Concept

True or False Question True or false: A change in one of the determinants of supply results in a movement along the supply curve. True False C Need help? Review these concept resources. Read About the Concept
True or False Question
True or false: A change in one of the determinants of supply results in a movement along the supply curve.
True
False
C Need help? Review these concept resources.
Read About the Concept

Solution
4.7(368 votes)

Answer

False Explanation 1. Define Determinants of Supply Determinants of supply include factors like production cost, technology, number of sellers, and expectations. Changes in these cause the entire supply curve to shift. 2. Movement Along vs. Shift of Supply Curve A movement along the supply curve is caused by a change in price, not by changes in determinants of supply.

Explanation

1. Define Determinants of Supply<br /> Determinants of supply include factors like production cost, technology, number of sellers, and expectations. Changes in these cause the entire supply curve to shift.<br />2. Movement Along vs. Shift of Supply Curve<br /> A movement along the supply curve is caused by a change in price, not by changes in determinants of supply.
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