use the graph to answer the question that follows. which statement best describes the shift from s1 to s2…
use the graph to answer the question that follows. which statement best describes the shift from s1 to s2? the price of the product increased. the price of the product decreased. there is an increase in supply. there is a decrease in supply.
Answer
Brief Explanations:
In a supply - demand graph, when the supply curve shifts from S1 to S2 to the right, it indicates that at each price level, a greater quantity is supplied. This is defined as an increase in supply. A change in the price of the product would cause a movement along the supply curve, not a shift.
Answer:
There is an increase in supply.