Which of the following best reflects an increase in quantity supplied rather than an increase in supply?

Question

Quizplus · Accepted Answer

An increase in quantity supplied is a movement along the supply curve in response to a change in price. The scenario described in option A reflects a situation where the price has increased due to increased consumer demand, which would result in an increase in the quantity supplied as producers respond to the higher price. This is different from an increase in supply, which would involve a shift in the supply curve due to changes in factors like costs of production, technology, or input prices. Options B, C, and D all reflect changes in factors that would lead to an increase in supply.

Which of the Following Best Reflects an Increase in Quantity