Get premium membership and access revision papers with marking schemes, video lessons and live classes.

Processing. Please wait.

Movement along the supply curve and shift in supply.

Answer Text:
Movement along the supply curve and shift in supply.
-Movement along the supply curve is caused by change in price which leads to contraction and extension of supply.

Shift in supply curve.
-Shift in supply curve refers to the movement of the supply curve from its existing position to anew
position (to the left-decrease, to the right-increase). A shift in supply curve is caused by other factors affecting supply other than price of the commodity.