This graph illustrates two supply curves.
Two supply curves

Which of the following movements would be described as an increase in the supply of a good?

Choose 1 answer:
(A) $D$ to $C$
(B) $B$ to $A$
(C) $A$ to $C$
(D) $A$ to $D$
(E)) $D$ to $A$

Question

This graph illustrates two supply curves.
Two supply curves

Which of the following movements would be described as an increase in the supply of a good?

Choose 1 answer:
(A) $D$ to $C$
(B) $B$ to $A$
(C) $A$ to $C$
(D) $A$ to $D$
(E)) $D$ to $A$

Accepted Answer

∻Solution∻ ‖ a ⋮ Definition of Supply Curve Shift: An increase in supply is represented by a rightward shift of the supply curve, meaning at every price level, a greater quantity is supplied. ‖ ‖ b ⋮ Identifying the Shift: Movement from point B to point A represents a shift from supply curve S1 to supply curve S2, indicating an increase in supply. ‖ ∻Answer∻ ⚹ (B) $B$ to $A$ ⚹ ∻Key Concept∻ ⚹ Increase in Supply ⚹ ∻Explanation∻ ⚹ An increase in supply is shown by a rightward shift of the supply curve, meaning more quantity is supplied at each price level. Movement from point B to point A represents this shift from S1 to S2. ⚹◊What factors could cause a shift in the supply curve of a good in this scenario?⍭ Generate me a similar question◊

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