The supply curve illustrates the idea that firms:
a. decrease the quantity supplied of a good when the prices of inputs used to make the good fall.
b. increase the quantity supplied of a good when the prices of inputs used to make the good rise.
c. decrease the quantity supplied of a good when the price of the good rises.
d. increase the quantity supplied of a good when the price of the good rises.

Respuesta :

The correct reply is Option D) extend the volume furnished of a right when the price of the good rises. Supply is the variety of special goods and services offered by way of a firm to its customer at a unique period.

What takes place to the furnish curve when volume decreases?

An expand in demand shifts the demand curve rightward, and a reduce in furnish shifts the grant curve leftward.

Supply shifters include costs of factors of production, returns from choice activities, technology, vendor expectations, natural events, and the range of sellers. An enlarge in grant is proven as a shift to the proper of a provide curve; a limit in provide is proven as a shift to the left.

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