An increase in supply will occur when
A) the supply curve shifts downward to the right.
B) the supply curve shifts upward to the left.
C) the demand curve shifts downward to the left.
D) the demand curve shifts upward to the right.

Question

Quizplus · Accepted Answer

An increase in supply means that suppliers are willing and able to produce and offer more goods and services for sale at every price level. This results in a shift of the supply curve to the right, showing that at any given price level, more quantity of the product is supplied than before.

An Increase in Supply Will Occur When