Refer to Figure 4-11. The movement from point A to point B on the graph represents
a.an increase in the price of the good that is being supplied and the suppliers' responses to that price change.
b.a decrease in the price of a relevant input.
c.a technological change that increases the quantity supplied at every price
d.an increase in the number of suppliers.
a.an increase in the price of the good... View the full answer