An increase in quantity supplied
A)results in a movement downward and to the left along a fixed supply curve.
B)results in a movement upward and to the right along a fixed supply curve.
C)shifts the supply curve to the left.
D)shifts the supply curve to the right.

Question

Quizplus · Accepted Answer

An increase in quantity supplied refers to an increase in the amount of a good or service that producers are willing and able to sell at the current market price. This leads to a movement upward and to the right along a fixed supply curve, as the quantity supplied is different at each price level. A shift in the supply curve would occur if there was a change in factors affecting the supply of the good or service, such as a change in production costs or technological advancements.

An Increase in Quantity Supplied