An increase in supply is reflected as a rightward (outward) shift of the supply curve and is caused by an increase in price.

Name: An increase in supply is reflected as a rightward (outward) shift of the supply curve and is caused by an increase in price.
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Question

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An increase in supply is not caused by an increase in price. It is caused by other factors such as technological advances or an increase in production efficiency. When supply increases, the supply curve shifts to the right.

An Increase in Supply Is Reflected as a Rightward (Outward)