An increase in quantity supplied is represented by demand.
A shift to the right to the supply curve
increase in price
check your answer
Producers only increase quantity supplied in response to DEMAND increases. They only want to make as much as someone will buy.
the price increase
when the price of the commodity increases
An increase in quantity supplied is represented by demand.
increase in price
check your answer
Producers only increase quantity supplied in response to DEMAND increases. They only want to make as much as someone will buy.
the price increase
when the price of the commodity increases
Equilibrium is defined to the price-quantity pair where the quantity demanded is equal to the quantity supplied, represented by the intersection of the demand and supply curves.
An increase in the supply is not represented by a movement up the supply cuve. A movement up supply curve is due to the increase in quantity supplied instead of the increase in supply. Alternatively, it can also be due to increase in the price of the goods that could lead to movement up the supply curve.
aggregate supply curve
Quantity supplied will exceed quantity demanded, so the price will drop.
Movement up along the supply curve.
False. An increase in demand means a shift of the demand curve to the right, it will increase both price and quantity supplied.There is no shift of the supply curve.