Movement along the supply curve occurs due to ........

Movement along the supply curve occurs due to :

Increase in own price of the commodity

Decrease in own price of the commodity

Facton other than own price of the commodity

Both (a) and (b)

- Movement along the supply curve refers to changes in the quantity supplied due to price changes of the commodity itself.

- Option 1: Increase in own price of the commodity

- An increase in price typically causes a movement up along the supply curve.

- Option 2: Decrease in own price of the commodity

- A decrease in price typically causes a movement down along the supply curve.

- Option 3: Factor other than own price of the commodity

- Changes in factors like technology or input costs shift the supply curve, not move along it.

- Option 4: Both (a) and (b)

- ? Correct Answer: This option includes both scenarios of price-induced movements along the supply curve.

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