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 the supply of iPods indicates a rightward shift of the supply curve, not a movement along the curve or an immediate effect on price.

If the Supply of IPods Increases,then