An increase in the price of corn would cause the supply curve of corn to shift to the right.

Question

Quizplus · Accepted Answer

An increase in the price of corn would not cause the supply curve to shift; instead, it would move along the existing supply curve, indicating a higher quantity supplied at a higher price, not a shift in the supply curve itself. A shift in the supply curve would be caused by factors other than the price of the good itself, such as changes in technology, input prices, or other external factors affecting supply.

An Increase in the Price of Corn Would Cause the Supply