Travelers are paying much less for flights to Hawaii in June than they were back in February. Does this represent a shift or a movement along supply?
This change represents a movement along with the supply.
The shift in supply occurs when there is a change in supply due to factors other than price. Whereas movement along supply occurs when there is a change in supply due to a change in price. Here the price paid by the travelers is less in June than in February. It means that the supply increased due to the decrease in price. That is more people are opting to travel to Hawaii. As the supply increased, the price decreased for travel.
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