Question

5. Which of these events would indicate a movement along a supply curve for batteries?

-A new trade agreement enables stores to import foreign batteries.
-Workers at a major battery factory go on strike and stop production.
-Battery manufacturers raise the price of eight AA batteries from $3.50 to $3.95 a set.
A new law requires battery manufacturers to spend more money on environmentally sound trash disposal.

Answer 1

Battery manufacturers raise the price of eight AA batteries from $3.50 to $3.95 a set.

Step-by-step explanation:

Answer 2

Battery manufacturers raise the price of eight AA batteries from $3.50 to $3.95 a set.

Step-by-step explanation:

A supply curve depicts the relationship between the quantity of a product or service that suppliers are willing to sell and its price. In other words, a supply curve a graphical representation of the supply schedule.

The supply curves show how quantity supplied changes at various prices. A price change is the main cause of movement along the supply curve. Changes in quantity supplied by non-price factors such as changes in technology, tax rate, or natural reasons make the supply curve shift either to the inwards or outwards.