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Distinguish between a shift in supply and movement along the supply curve (change in quantity supplied)....

Distinguish between a shift in supply and movement along the supply curve (change in quantity supplied). What can cause each?

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Answer #1

As we all know that supply curve shows the relation between price and quantity supplied

when there is a shift in supply curve then they are more than one factor are involved and not only just the price but in case of movement there is only one factor which is responsible and that is change in the price .

In shift the curve totally shift towards left or rightward and in case of movement there is an upward and downward movement of the supply curve .

The determinants of supply can be increasing competition between the producers,increase in technology ,taxes and subsidies etc.

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