Question

Increase in price leads to forward shift in supply curve of a commodity. ​

Answer 1

Explanation:

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). ... In other words, supply will increase. Technology is a leading cause of supply curve shifts.

Answer 2

Increase in price does not shift the supply curve forward. Increase in prices leads to increase in quantity supplied because suppliers will earn more revenue due to higher prices. This leads to movement in the same supply curve upward and to the right as shown the diagram in the attachment.