Which of the following will cause a movement along the supply curve? Group of answer choices An increase or decrease in the raw materials costs. A change in the market price of a good, other things held constant. An increase in labor costs. Changes in the cost of the machinery used to make a good.

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Business

Ortega

8 February, 15:22

Which of the following will cause a movement along the supply curve? Group of answer choices An increase or decrease in the raw materials costs. A change in the market price of a good, other things held constant. An increase in labor costs. Changes in the cost of the machinery used to make a good.

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Answers (1)

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Damon White · Answer 1

change in the market price of a good, other things held constant.

Explanation:

The supply curve is a curve that shows the price of the product and the quantity supplied of that product. The price of the product shown on the vertical axis whereas the quantity supplied of that product shown on the horizontal axis.

The movement along the supply curve could have occurred when the price and the quantity supplied of the product changes keeping the other factor constants