Figure: Supply Shifts (Figure: Supply Shifts) in the Figure

Figure: Supply Shifts (Figure: Supply Shifts) In the figure, the initial supply curve isS₁. Producers engage in market speculation with the belief thatthe price of the good will increase in the near future. Thiswould be represented in the figure by shifting the:

A) supply curve to S₂, resulting in a lower quantity supplied at each price.
B) supply curve to S₂, resulting in a higher quantity supplied at each price.
C) supply curve to S₃, resulting in a lower quantity supplied at each price.
D) supply curve to S₃, resulting in a higher quantity supplied at each price.