A shift in supply is defined as a change in
A) Price.
B) Quantity supplied because of a change in price.
C) Equilibrium quantity.
D) Supply because of a change in a determinant of supply.

Question

Quizplus · Accepted Answer

A shift in supply is caused by a change in one of the determinants of supply, such as input costs, technology, or government regulations. It is not caused by a change in price or quantity supplied due to a change in price, which would be a movement along the supply curve, not a shift. Equilibrium quantity may be affected by a shift in supply, but it is not the cause of the shift.

A Shift in Supply Is Defined as a Change in