Some Producers Are Chatting

Multiple Choice

Some producers are chatting.Which one of the following quotations refers to a movement along the supply curve?

A) "Wage increases have forced us to raise our prices."
B) "We anticipate a big increase in demand.Our product price should rise, so we are planning for an increase in output."
C) "New competitors in the industry are causing prices to fall."
D) "Raw material prices have sky- rocketed; we will have to pass the cost on to our customers."
E) "Our new, sophisticated equipment will enable us to undercut our competitors."