An increase in quantity supplied due to a rise in price is depicted as what on the supply curve?

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Study for the GCSE Economics Exam with comprehensive flashcards and multiple choice questions. Each question includes hints and detailed explanations. Prepare thoroughly for your exam!

An increase in quantity supplied due to a rise in price is depicted as an upward movement along the supply curve. This concept is grounded in the law of supply, which states that, all other factors remaining constant, an increase in the price of a good or service will lead to an increase in the quantity supplied. When suppliers see that they can receive a higher price for their product, they are incentivized to produce and sell more.

This upward movement indicates a change in quantity supplied in response to a change in price, without altering the overall supply curve itself. It reflects that at higher prices, producers are willing to supply more of the good or service, which is represented as moving up the curve to the right.

In contrast, a downward movement would indicate a decrease in quantity supplied as prices drop, while shifts of the supply curve either to the right or left would imply a change in supply due to factors other than price, such as production technology or input costs. Here, the focus is solely on the relationship between price and quantity supplied, reinforcing why the correct answer is an upward movement along the supply curve.

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