If the supply curve shown above shifts to the right then the __________. A. supply increased B. price increased C. supply decrea

Question

Maurinko [17]

3 years ago

15

If the supply curve shown above shifts to the right then the __________. A. supply increased B. price increased C. supply decrea

sed D. price decreased Please select the best answer from the choices provided

English

1 answer:

Alexxx [7] · Answer 1 · 2022-07-30T15:43:17+03:00

Answer:

A. supply increased

Explanation:

The supply and the price has a direct relationship between each other i.e if supply increased the price of a product is also increases and if the supply decreased the price of a product is also reduced keeping other factors constant

If there is an increase in supply, the supply curve shifts rightward and if there is a decrease in supply, the supply curve shifts leftward

Therefore option A is correct