Economics JAMB

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 – an increase in quantity supplied

Explanation

A movement along the supply curve happens when the price of 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 a rise in its price, while a downward movement means a decrease in quantity supplied due to a fall in prices

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