An Increase in Supply Is Shown by

question 3

Multiple Choice

An increase in supply is shown by

• A)a movement down along the supply curve.
• B)a movement up along the supply curve.
• C)a rightward shift of the supply curve.
• D)a leftward shift of the supply curve.
• E)a movement from the supply curve toward the origin.

---

Definitions:

Services Society

A society where the economy is significantly driven by the provision of services rather than the production of goods.

Freshwater

Refers to water bodies like lakes, rivers, and ponds that have low salt concentrations compared to seawater.

Scarce

In short supply; a resource is scarce when there is not enough of the resource available to satisfy all the various ways a society wants to use it.

Physical Capital

The tangible assets that are used in the production of goods and services, including buildings, machinery, and equipment.