Question

the law of supply and demand
assignment active
supply and demand curves
supply and demand equilibrium
which change is illustrated by the shift taking place on this graph?
○ a decrease in supply
○ an increase in supply
○ an increase in demand
○ a decrease in demand

Explanation:

To determine the change illustrated by the shift in the graph, we analyze the supply and demand curves. The supply curve shifts from \( S_1 \) to \( S_2 \), moving to the right. A rightward shift of the supply curve indicates an increase in supply, as it shows that at each price level, a greater quantity is supplied. The demand curve remains unchanged, so we focus on the supply curve's movement.

Answer:

B. an increase in supply