Question

If the price of a good changes but everything else influencing suppliers' planned sales remains constant, there is a *
1 point
A) rotation of the initial supply curve around the initial price.
B) new supply curve that is to the right of the initial supply curve.
C) new supply curve that is to the left of the initial supply curve.
D) movement along the supply curve.

Answer 1

Answer:

c.new supply curve that is to left of the initial supply curve

Answer 2

If the price of a good changes but everything else influencing suppliers' planned sales remains constant, there is a C) new supply curve that is to the left of the initial supply curve.

Supply curve

• The supply curve will go higher from left to right, expressing the supply law: As the price of a certain commodity rises, so does the amount provided .

• According to the rule of supply, when the price of an item rises, suppliers will try to maximise their earnings by increasing the quantity of goods for sale.

Hence, new supply curve is to the left of the initial supply curve.