When the price of a good or service changes, a. the demand curve shifts in the opposite direction. b. the supply curve shifts in the opposite direction. c. the supply curve shifts in the same direction. there is a movement along a given supply curve

Question

Emmanuel Williamson

Business

31 July, 17:45

When the price of a good or service changes, a. the demand curve shifts in the opposite direction. b. the supply curve shifts in the opposite direction. c. the supply curve shifts in the same direction. there is a movement along a given supply curve

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Answers (1)

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Bonnie · Answer 1

There is a movement along a given supply curve.

Explanation:

When the price of a good or service changes, consequently there are several factors that will influence demand. Some of them are the quantity demanded, which due to a price change may increase or decrease compared to the original demand. Therefore, this is a factor that will influence a movement along the demand curve.