An increase in supply is illustrated by a __________ shift in the market supply curve and will occur when _______________

0 votes
    Left; firms attempt to increase selling prices in response to a higher price paid for a major input to the production process.
     Right; input costs fall or an improvement in technology occurs.
     Left; firms exit the industry, leaving more business for the remaining firms.
     Right; the price of the product increases.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
Right; input costs fall or an improvement in technology occurs.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



...