Figure 4-16

-In Figure 4-16, an increase in the number of producers will shift supply from
A) S1 to S₂.
B) S₂ to S1.
C) S₃ to S₂.
D) S₃ to S1.

Name: Figure 4-16 -In Figure 4-16, an increase in the number of producers will shift supply from A) S1 to S₂. B) S₂ to S1. C) S₃ to S₂. D) S₃ to S1.
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Question

Figure 4-16
 
-In Figure 4-16, an increase in the number of producers will shift supply from
A) S1 to S₂. 
B) S₂ to S1. 
C) S₃ to S₂. 
D) S₃ to S1.

Quizplus · Accepted Answer

An increase in the number of producers will increase the supply, shifting the supply curve to the right, from S1 to S2.

Figure 4-16 -In Figure 4-16, an Increase in the Number of Producers