Definition
- Shift in supply
- A shift in supply means a change in the quantity supplied at every price.
- Not to be confused with: Movement along the supply curve
- A movement along the supply curve is the change in quantity supplied caused by a change in the good's own price.
Test yourself
What is the difference between shift in supply and movement along the supply curve?
A shift moves the whole curve because a condition of supply changed; a movement is a new point on the same curve because the good's own price changed.