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 Form 3 Business Studies: Demand and supply online lessons

Movement along the supply curve and shift in supply.

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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.
figdemand21720201135.JPG
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.
figdemand21720201136.JPG


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