If demand increases the supply curve will automatically shift as well.

Name: If demand increases the supply curve will automatically shift as well.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

The supply curve represents how much of a good or service suppliers are willing to offer at different prices, independent of demand. A change in demand does not automatically shift the supply curve; it shifts the demand curve instead. Supply curve shifts are caused by factors such as changes in production costs, technology, or number of sellers.

If Demand Increases the Supply Curve Will Automatically Shift as Well