Which of these events would indicate a movement along a supply curve for batteries?
a.
workers at a major battery factory go on strike and stop production.
b.
a new law requires battery manufacturers to spend more money on environmentally-sound trash disposal.
c.
battery manufacturers raise the price of eight aa batteries from $3.50 to $3.95 a set.
d.
a new trade agreement enables stores to import foreign batteries.

The correct answer is C) battery manufacturers raise the price of eight AA batteries from $3.50 to $3.95 a set.

The event that would indicate a movement along a supply curve of batteries is battery manufacturers raise the price of eight AA batteries from $3.50 to $3.95 a set.

When talking about economics, a supply curve is a graphic representation. When a company wants to sell its product, this graphic shows the relationship between the quantity of the product that is going to be supplied and the price of the product. In this correlation, the price of the product is on the vertical or “y” axis and the quantity of the product is on the horizontal or “x” axis. The event that would indicate a movement along a supply curve of batteries is battery manufacturers raise the price of eight AA batteries from $3.50 to $3.95 a set.

benito

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