Asked by Heather Marie on Jul 21, 2024
Verified
A move from G to H represents
A) an increase in quantity supplied.
B) a decrease in quantity supplied.
C) an increase in supply.
D) a decrease in supply.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a given price over a specified period.
- Assess the movement and adjustments on the demand and supply curves.
Verified Answer
JC
Jordan CobbsJul 25, 2024
Final Answer :
A
Explanation :
A move from G to H on a supply curve represents an increase in quantity supplied, typically in response to a price increase, without a shift in the supply curve itself.
Learning Objectives
- Assess the movement and adjustments on the demand and supply curves.