CAIE IGCSE Economics 2.3.2 Movements Along a Supply Curve Questions
Practise Cambridge IGCSE Economics by identifying extensions in supply and distinguishing movements along a supply curve from shifts.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Define an extension in supply as an increase in quantity supplied caused by a higher price.
- Identify an extension in supply as movement up along the same supply curve.
- Distinguish an extension in supply from a shift of the supply curve.
CAIE IGCSE Economics 2.3.2 Movements Along a Supply Curve Questions question 1
The table shows the supply for a product at different prices.
If the price changes from $ 12 to $ 14, what will be the change in supply?
A
Supply will contract by 40 units and there will be a movement down along the supply curve.
B
Supply will contract by 200 units and there will be an inward shift of the supply curve.
C
Supply will extend by 40 units and there will be a movement up along the supply curve.
D
Supply will extend by 200 units and there will be an outward shift of the supply curve.
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