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What is the only cause of a movement along the supply curve?
A
It moves the whole curve left, reducing quantity supplied at every price.
B
A change in the good’s own price.
C
A change in production costs causes a shift of the supply curve.
D
A higher price causes firms to supply a greater quantity.
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2.3.4 Shifts and movements of the supply curve Flashcards
23 flashcards on OCR GCSE Economics 2.3.4 Shifts and movements of the supply curve: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.