QuestionJune 17, 2025

A change in a determinant of supply results in a movement along the supply curve. True False

A change in a determinant of supply results in a movement along the supply curve. True False
A change in a determinant of supply results in a movement along the supply curve.
True
False

Solution
4.1(230 votes)

Answer

False Explanation 1. Define Determinant of Supply Determinants of supply include factors like production cost, technology, and number of sellers. 2. Analyze Movement Along Supply Curve A movement along the supply curve is caused by a change in price, not a determinant of supply. 3. Determine Effect of Change in Determinant A change in a determinant of supply shifts the entire supply curve, not just a movement along it.

Explanation

1. Define Determinant of Supply<br /> Determinants of supply include factors like production cost, technology, and number of sellers.<br /><br />2. Analyze Movement Along Supply Curve<br /> A movement along the supply curve is caused by a change in price, not a determinant of supply.<br /><br />3. Determine Effect of Change in Determinant<br /> A change in a determinant of supply shifts the entire supply curve, not just a movement along it.
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