If the supply of iPods increases, then i) the supply curve for iPods has shifted rightward.
Ii) the price of iPods has decreased.
Iii) there will be a movement upward along the iPod supply curve.
A)i only
B)i, ii and iii
C)i and ii
D)ii and iii
E)i and iii

Question

Quizplus · Accepted Answer

An increase in supply means the supply curve shifts rightward. The price decrease and movement along the curve are effects of changes in demand, not supply.

If the Supply of IPods Increases, Then I) the Supply