Answer:
C. No, the increase in price will not cause a shift of the supply curve
<u><em>Attached graph</em></u>
Explanation:
The demand curve will move to the right, and the equilibrium price adn quantity will increase as a result of this event. But, the supply curve will not move the new equilibrium will be along the original supply line.
The supply curve will move affectd by technology, input prices, taxation, interest rates changes, the price is not what determinates the supply curve. The price is the result of how supply and demand interact.
