g An increase in supply is represented by Group of answer choices a rightward shift of the supply curve. a leftward shift of the supply curve. a downward movement along the supply curve. an upwared movement along the supply curve.

Question

Rubi Grant

Business

22 August, 20:01

g An increase in supply is represented by Group of answer choices a rightward shift of the supply curve. a leftward shift of the supply curve. a downward movement along the supply curve. an upwared movement along the supply curve.

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Answers (2)

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Lorelei Blackwell · Answer 1

The correct answer is letter "A": a rightward shift of the supply curve.

Explanation:

The supply law describes the relationship between the quantity supplied of a good or service and its price. When the quantity supplied increases, the price goes up (the supply curve moves rightwards). If the quantity supplied decreases, the price drops as well (the supply curve moves to the left).

Erin Mcintyre · Answer 2

The answer is a rightward shift of the supply curve.

Explanation:

an increase in supply will result in a shift of the supply curve to the right