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

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

Question

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

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

Accepted Answer

∻Solution by Steps∻ ‖ step 1 ⋮ To identify an increase in supply on a graph, we look for a shift of the supply curve to the right. This shift represents a greater quantity supplied at each price level. ‖ ‖ step 2 ⋮ Comparing the two supply curves S1 and S2, we see that S2 lies to the right of S1, indicating an increase in supply. ‖ ‖ step 3 ⋮ The movement from curve S1 to curve S2 represents the increase in supply. Therefore, we need to find the answer choice that reflects this rightward shift from a point on S1 to a corresponding point on S2. ‖ ‖ step 4 ⋮ The correct movement is from point A on S1 to point D on S2, as this shows an increase in quantity supplied without an increase in price, which is indicative of an increase in supply. ‖ ∻Answer∻ ***C*** ∻Key Concept∻ ⚹Rightward Shift of Supply Curve⚹ ∻Explanation∻ ⚹An increase in supply is represented by a rightward shift of the supply curve, indicating a higher quantity supplied at each price level.⚹◊What is the relationship between quantity supplied and price in the context of the supply curves described in the image?⍭ Generate me a similar question◊

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