If the market price of Beanie Babies increases, then the supply curve of Beanie Babies will shift to the right.

Question

Quizplus · Accepted Answer

The supply curve represents how much of a good suppliers are willing to sell at different prices, and it typically shifts due to changes in production costs, technology, or other factors affecting supply. An increase in market price is a movement along the supply curve, not a shift of the curve itself.

If the Market Price of Beanie Babies Increases, Then the Supply