FIGURE 3-5

-Refer to Figure 3-5. What does a change from Point A to Point B represent?
A) a decrease in quantity supplied
B) an increase in supply
C) a decrease in supply
D) an increase in quantity supplied

Question

FIGURE 3-5
 
-Refer to Figure 3-5. What does a change from Point A to Point B represent?
A) a decrease in quantity supplied 
B) an increase in supply 
C) a decrease in supply 
D) an increase in quantity supplied

Quizplus · Accepted Answer

Moving from Point A to Point B on a supply curve typically represents an increase in the quantity supplied, not a shift in the supply curve itself. This movement indicates that at a higher price, producers are willing to supply more of the good.

FIGURE 3-5 -Refer to Figure 3-5. What Does a Change from Point