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Movements along the supply curve
Movements along the supply curve are brought about by changes in the price of the commodity.
When price increases from P1 to P2, quantity supplied increases from Q1 to Q2 and movement along the supply curve is from A to B. Conversely when price falls from P2 to P1, quantity supplied falls from q2 to q1 and movement along the supply curve is from B to A.
Compare the price elasticity at two parallel demand curves at a given price. This has been explained in Fig above where two demand curves AB and CD are given that are parallel to e
Classification of oligipoly
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