When economists say the quantity supplied of a product has increased, they mean the
A) supply curve has shifted to the left.
B) supply curve has shifted to the right.
C) price of the product has risen, and consequently, suppliers are producing more of it.
D) price of the product has fallen, and consequently, suppliers are producing less of it.

Question

Quizplus · Accepted Answer

An increase in quantity supplied typically refers to a movement along the supply curve due to a rise in the product's price, leading suppliers to produce more.

When Economists Say the Quantity Supplied of a Product Has