A rightward shift of a supply curve Select one a represents

A rightward shift of a supply curve Select one: a. represents a decrease in supply O b. might be caused by an increase in demand C. might be caused by a price ceiling O d. would cause an excess quantity supplied at the previous equilibrium price O e. might be caused by a decrease in demand

Solution

Answer is D because more will be supplied at each price when supply shifts rightwards or downwards

 A rightward shift of a supply curve Select one: a. represents a decrease in supply O b. might be caused by an increase in demand C. might be caused by a price

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site