An increase in supply refers to:
A) a rightward shift of the supply curve.
B) a leftward shift of the supply curve.
C) an upward movement along the supply curve.
D) a downward movement along the supply curve.

Question

Quizplus · Accepted Answer

An increase in supply means there is more quantity of goods and services being supplied at each price level, which leads to a rightward shift of the supply curve. This can occur due to factors such as technological advancements, lower production costs, and increased availability of resources.

An Increase in Supply Refers To