Multiple Choice
Exhibit 4.3

-Refer to Exhibit 4.3,which shows the supply curves of baby formula.Which of the following changes is likely to result from an increase in the number of firms producing baby formula?
A) a movement from point a to point b on the supply curve S1
B) a rightward shift of the supply curve from S1 to S2
C) a leftward shift of the supply curve from S2 to S1
D) a movement from point c to point d on the supply curve S2
E) a movement from point b to point a on the supply curve S1
Correct Answer:
Verified
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