Which of the following leads to an increase in the quantity supplied but not an increase in supply?
A) a decrease in the costs of production
B) an increase in the product's price
C) an advance in the technology used to produce the good
D) an increase in the price of another product that the suppliers can produce
E) an increase in the number of firms producing the good or service

Question

Quizplus · Accepted Answer

An increase in the product's price leads to a movement along the supply curve, resulting in an increase in the quantity supplied. However, it does not shift the entire supply curve, so there is no increase in supply.

Note: A decrease in the costs of production (choice A), an advance in technology (choice C), an increase in the number of firms producing the good or service (choice E) and an increase in the price of another product that the suppliers can produce (choice D) all lead to a shift in the supply curve, resulting in an increase in supply.

Which of the Following Leads to an Increase in the Quantity