Question

A change in supply is described as (select the best answer): Select one: a. A movement...

A change in supply is described as (select the best answer):

Select one:

a. A movement along the same supply curve

b. A shift of the demand curve

c. A shift of the supply curve

d. When you change your supplier so that your product can be made in America

Homework Answers

Answer #1

A change in supply described as;

Option 'c' is the right answer. A change in supply causes to a shift in the supply curve, which results an imbalance in the market that is changed by changing prices and demand. A rise in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left.   
A movement along the same supply curve, a shift to the demad curve and when you change your supplier so that your product can be made in America are incorrect because they do not related with a change in supply.

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