An increase in supply is represented by a shift

Question

Quizplus · Accepted Answer

An increase in supply means that producers are willing and able to supply a greater quantity of goods and services at the same or lower price level. This is reflected in a shift of the supply curve to the right, as a result of factors such as lower production costs, improved technology, or favorable weather conditions. The new supply curve is entirely to the right of the original curve, indicating a higher quantity of output at every price point. Option D correctly describes this shift. Option A suggests a movement along the supply curve, which would occur if there was a change in price only. Option B and C do not make sense, as there can only be one supply curve for any given product in a particular market.

An Increase in Supply Is Represented by a Shift