FIGURE 3-5

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

Question

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

Quizplus · Accepted Answer

A change from Point A to Point D represents an increase in supply. This is because the supply curve shifts to the right, indicating that producers are willing to supply more of the good at each price.

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