As more firms are attracted to an industry, the supply curve can be expected to shift to the right.
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Q20: Change in the price of a good
Q21: Demand curves can be affected by the
Q22: A supply schedule can be plotted on
Q23: An increase in price will increase supply.
Q24: Both demand and supply curves usually have
Q26: The position of a demand curve is
Q27: Supply can shift due to changes in
Q28: An increase in consumer income will shift
Q29: Cost-reducing technological advancements allow suppliers to earn
Q30: The more firms that are attracted to
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