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Question
An upward movement along the same supply curve shows ______.
Options
contraction of supply.
decrease in supply.
expansion of supply.
increase in supply.
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Solution
An upwards movement along the same supply curve shows the expansion of supply.
Explanation:
When price increases, producers supply more quantity. This upward movement along the same supply curve is called expansion of supply (also known as extension of supply).
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RELATED QUESTIONS
Complete the following statement:
An upward movement along the same supply curve shows _______.
Complete the following statement:
Other factors remaining constant, when less quantity is supplied only due to a fall in price, it shows ________.
Complete the correlation:
Expansion of supply : Price rises :: Contraction of supply : _______
Distinguish Between:
Expansion of supply and Contraction of supply.
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Expansion of supply : Price rises :: Contraction of supply : ______.
Complete the correlation:
Expansion of supply : Upward movement : : ______ : Downward movement.
Study the following diagram and answer the questions:
Questions:
- When the price rises from 10 to 15, supply rises from 12 to `square`.
- When the price falls from 25 to 20, supply falls from 30 to `square`.
- The movement of the equilibrium point from B to C indicates the `square` of supply.
- The movement of the equilibrium point from E to D indicates the `square` of supply.
Complete the Correlation :
Expansion of supply: Price rises:: Contraction of supply: _______
Complete the Correlation:
Expansion of supply : Price rises :: Contraction of supply : ______
Complete the Correlation:
Expansion of supply : Price rises :: Contraction of supply : ______.
Complete the Correlation:
Expansion of supply : Price rises : : Contraction of supply : ______.
Complete the Correlation:
Expansion of supply: Price rises :: Contraction of supply : ______.
Complete the Correlation:
Expansion of supply : Price rises :: Contraction of supply : ______
Complete the Correlation.
Expansion of supply : Price rises :: Contraction of supply : ______
A rightward shift in the supply curve shows ______.
Complete the Correlation.
Expansion of supply : Price rises :: Contraction of supply : ______
Complete the correlation:
Expansion of supply : Price rises :: Contraction of supply : ______.
Complete the Correlation:
Expansion of supply : Price rises :: Contraction of supply : ______
