Exhibit 4-3 Supply and demand curves In Exhibit 4-3, an increase in quantity supplied would cause a movement from which equilibrium point to another, other things being equal?

Question

Exhibit 4-3  Supply and demand curves  In Exhibit 4-3, an increase in quantity supplied would cause a movement from which equilibrium point to another, other things being equal?

Quizplus · Accepted Answer

An increase in quantity supplied would shift the supply curve to the right, resulting in a new equilibrium point where supply and demand intersect at a higher quantity and price. The movement would be from point E₁ to E₄.

Exhibit 4-3 Supply and Demand Curves in Exhibit 4-3, an Increase