A) a leftward shift of the supply curve
B) a movement up along the supply curve
C) a movement down along the supply curve
D) a rightward shift of the supply curve
Correct Answer: B
Solution :
Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied. Producers supply more at a higher price because selling a higher quantity at an higher price increases revenue.
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