Figure 4-6

-Refer to Figure 4-6.The movement from S to S₁ could be caused by

Question

Figure 4-6
 
-Refer to Figure 4-6.The movement from S to S₁ could be caused by

Quizplus · Accepted Answer

The movement from S to S₁ represents a shift in the supply curve to the right, which indicates an increase in supply. This is typically caused by an improvement in technology, which allows suppliers to produce more goods or services at a lower cost. Decrease in the price of the good, increase in income, and increase in input prices are all factors that would cause a movement along the supply curve, but not a shift in the curve itself.

Figure 4-6 -Refer to Figure 4-6.The Movement from S to S₁ Could