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
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…