The quantity supplied of hula hoops has increased. This is most likely due to which of...
The quantity supplied of hula hoops has increased. This is most likely due to which of the following?
| a. | A decrease in the price of hula hoops | b. | An increase in the demand for hula hoops |
|---|---|---|---|
| c. | An increase in the cost of making hula hoops | d. | An increase in the supply of hula hoops |
Homework Answers
An "increase in supply" means the supply curve has shifted to the right while an "increase in quantity supplied" refers to a movement along a given supply curve in response to an increase in price.
Hence The quantity supplied of hula hoops has increased due to an increase in the supply of hula hoops
Answer is D
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The quantity supplied of hula hoops has increased. This is most
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