Figure 3.2 -Refer to Figure 3.2.Which movement represents increase in the number of firms in the market? A)A to B B)B to A C)S₁ to S₂ D)S₂to S₁

Question

Quizplus · Accepted Answer

The movement from S₁ to S₂ represents an increase in the number of firms in the market as the supply curve shifts to the right, indicating that there are more firms willing to produce at each price level.

Figure 3.2 -Refer to Figure 3.2.Which Movement Represents Increase in the Number