-In Figure 4-16, an increase in the number of producers will shift supply from A)S₁ to S₂. B)S₂ to S₁. C)S₃ to S₂. D)S₃ to S₁.

Name: -In Figure 4-16, an increase in the number of producers will shift supply from A)S 1 to S 2 . B)S 2 to S 1 . C)S 3 to S 2 . D)S 3 to S 1 .
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Quizplus · Accepted Answer

An increase in the number of producers typically increases the overall supply in the market, which is represented by a rightward shift in the supply curve.

-In Figure 4-16, an Increase in the Number of Producers