Figure 4-16

-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: Figure 4-16 -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 .
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Question

Figure 4-16
 
-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 .

Quizplus · Accepted Answer

An increase in the number of producers will increase the supply, shifting the supply curve to the right, from S₁ to S₂.

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