5
QuizLong Text

Supply

Question 5 • FL-2106010-M/J Civics B

Explain what is meant by a shift in the supply curve.

Answer

Answer:

A shift in the supply curve occurs when a factor other than the good’s own price changes how much producers are willing and able to sell at each price. An increase in supply shifts the curve to the right; a decrease shifts it to the left.

Previous
Next