Which of the following increases the quantity supplied of compact discs but does NOT increase the supply of compact discs?
A) a decrease in the price of a compact disc
B) an increase in the price of a compact disc
C) a decrease in the number of suppliers of compact discs
D) an increase in the price of the resources used to produce compact discs
E) new technology that lowers the cost of producing compact discs

Question

Quizplus · Accepted Answer

An increase in the price of a compact disc increases the quantity supplied but does not shift the supply curve itself; it moves along the curve. Changes in supply are caused by factors other than the price of the good itself, such as technology or resource costs.

Which of the Following Increases the Quantity Supplied of Compact