An upward movement along the same supply curve results in
-
A.
an increase in supply -
B.
a decrease in price -
C.
a decrease in quantity supplied -
D.
an increase in quantity supplied
Correct Answer: Option D
Explanation
A movement along the supply curve happens when the price of a commodity changes while other factors remain constant.
An upward movement along the supply curve indicates an Increase in quantity supplied of a commodity due to rise in its price, while a downward movement means a decrease in quantity supplied due to fall in prices