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

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

Accepted Answer

∻Solution∻ ‖ a ⋮ Definition of Supply Increase: 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 ⋮ Graph Analysis: In the given graph, S1 and S2 are two supply curves. S2 is to the left of S1, indicating a lower quantity supplied at each price level compared to S1. ‖ ‖ c ⋮ Movement Analysis: Moving from point A (on S1) to point C (on S2) or from point D (on S1) to point C (on S2) would not represent an increase in supply because S2 is to the left of S1. ‖ ‖ d ⋮ Correct Movement: The correct movement that represents an increase in supply is from point B (on S2) to point A (on S1), as it shows a shift from a lower supply curve (S2) to a higher supply curve (S1). ‖ ∻Answer∻ ⚹ (C) $B$ to $A$ ⚹ ∻Key Concept∻ ⚹ Increase in Supply ⚹ ∻Explanation∻ ⚹ An increase in supply is depicted by a rightward shift of the supply curve, meaning more quantity is supplied at each price level. Moving from point B (on S2) to point A (on S1) shows this shift. ⚹◊What is the relationship between the movement along a supply curve and an increase in supply of a good in Microeconomics?⍭ Generate me a similar question◊

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