Figure 4.3 shows the supply curves for baby formula.In the figure given below,which of the following changes is likely to result from an increase in the number of firms producing baby formula?
A) A rightward shift of the supply curve from S1 to S2
B) A movement from point a to point b on the supply curve S1
C) A leftward shift of the supply curve from S2 to S1
D) A movement from point c to point d on the supply curve S2
E) A movement from point b to point a on the supply curve S1
Correct Answer:
Verified
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