Movement along a supply curve

Movement along a supply curve represents a change in the quantity supplied of a good or service due to a change in its price. This is different from a shift in the supply curve, which is caused by factors other than price, such as changes in production costs or technology.

When the price of a good increases, producers are willing and able to supply more of it, leading to an upward movement along the supply curve. Conversely, if the price decreases, the quantity supplied will fall, resulting in a downward movement along the curve.