Question

10. Supply curve shifts forward due to:
(1 Point)
Decrease in factor price
Increase of firms in the market
O Decrease in price of competing product
All of these​

Answer 1

Answer:

The supply curve will move upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all else being equal). Note that this formulation implies that price is the independent variable, and quantity the dependent variable.

Explanation:

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