Answer: Movement along Supply curve to new Quantity supplied
Step-by-step explanation:
The Law of Supply holds that when the price of a good or service increases then all else being equal, the quantity supplied will increase as well.
For the Supply curve therefore, should the price of a good increase, there will be a movement (not a shift) along the supply curve to the new quantity that tallies with the quantity that the suppliers (Nike) would like to supply at that price.
A movement along the supply curve occurs when there is a change in price while a shift in the supply curve occurs when there is a change in quantity supplied even though the price remains constant.