Exhibit 4-14

-In Exhibit 4-14,a movement from point M to point N represents:

Question

Exhibit 4-14
 
-In Exhibit 4-14,a movement from point M to point N represents:

Quizplus · Accepted Answer

The movement from point M to point N represents an increase in the quantity supplied, as the price of the product has increased, leading to a higher quantity supplied by producers. This is shown by the horizontal shift of the supply curve to the right. An increase in supply, on the other hand, would be represented by a shift of the entire supply curve to the right, indicating a larger quantity supplied at every price level.

Exhibit 4-14 -In Exhibit 4-14,a Movement from Point M to Point N