In the figure below, a movement from S1 to S2 represents: Figure: Supply Shift Price Si...

Question

Question

Answer 1

Answer #1

The answer to this question is:

An increase in supply.

Explanation:

The movement along supply curve shows the change in quantity supplied due to change in price.

The shift (here outward shift) shows the increase in supply. This occurs due to change in factors other than price. E.g technological improvement.

Answer 2

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