When any effort by government causes the supply of a good to rise, what happens to the supply curve for that good?

A) The supply curve is not affected.

B) It shifts to the right.

C) It shifts to the left.

D) It reverses direction.

Question

Social Studies

Aiden Bernard

7 December, 20:10

When any effort by government causes the supply of a good to rise, what happens to the supply curve for that good?

A) The supply curve is not affected.

B) It shifts to the right.

C) It shifts to the left.

D) It reverses direction.

+4

Answers (1)

Know the Answer?

Matilda Lara · Answer 1

The correct answer is letter B

Explanation: If the producer expects the price of the product to increase in the future, he tends to offer less today to make a greater profit in the future. The supply curve is positively sloped, because when the price of the good increases, the quantity offered also increases.

When any effort by government causes the supply of a good to rise, what happens to the supply curve for that good?A) The supply curve is not affected.B) It shifts to the right.C) It shifts to the left.D) It reverses direction.

When any effort by government causes the supply of a good to rise, what happens to the supply curve for that good?

A) The supply curve is not affected.

B) It shifts to the right.

C) It shifts to the left.

D) It reverses direction.