Narrbegin Exhibit 3.3 Supply curves

-In Exhibit 3.3, which of the following could have caused the shift in the supply curve from S₁ to S₂?

Question

Narrbegin Exhibit 3.3 Supply curves -In Exhibit 3.3, which of the following could have caused the shift in the supply curve from S₁ to S₂?

Quizplus · Accepted Answer

The shift in the supply curve from S₁ to S₂ could be caused by an increase in the number of sellers in the market, which would increase the quantity of goods supplied at each price level. None of the other choices would directly affect the supply curve.

Narrbegin Exhibit 3.3 Supply Curves