An "increase in the quantity supplied" suggests a A

Economics Dec 08, 2020

An "increase in the quantity supplied" suggests a

A. rightward shift of the supply curve.

B. movement down along the supply curve.

C. movement up along the supply curve.

D. leftward shift of the supply curve.

Expert Solution

The correct option is C. movement up along the supply curve.

Explanation:

Any change in the quantity supplied by the manufacturing results in upward or downward movement on the supply schedule/curve because it is the cause of change in the price level. Increased quantity supplied is shown as the movement up/higher on the supply curve because the supply curve is positively sloped.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote