Assume that an exporter's supply curve of a commodity is upward sloping.If a change in import demands in other countries leads it to increase its exports,other things equal,what would be the impact on the domestic price of the commodity?

Question

Quizplus · Accepted Answer

An increase in exports will shift the supply curve to the right, leading to an increase in quantity supplied at each price level. As a result, the domestic price of the commodity will rise to achieve equilibrium with the new level of demand.

Assume That an Exporter's Supply Curve of a Commodity Is