-According to the above figure,,then the supply curve will A)shift from S₁ to S₂. B)shift from S₂ to S₁. C)remain at S₁. D)shift either to the left or the right,but it is impossible to say without more information.

Question

Quizplus · Accepted Answer

The supply curve will shift from S₁ to S₂ because the price of the good has increased, which will encourage producers to supply more of the good.

-According to the Above Figure,,then the Supply Curve Will