A shift of the supply curve to the right reflects a(n) (increase/decrease) in supply, while a shift of the supply curve to the left reflects a(n) (increase/decrease) in supply.

Respuesta :

The quantity of the product delivered will decrease if the curve shifts to the left, but it will grow if it shifts to the right.

What is a supply curve?

The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.

The shift in the supply curve:

Variations in the cost of production and related factors can cause a whole supply curve to move to the right or left.  Ceteris paribus: Supply curves connect prices and output under the supposition that nothing else changes.

As a result, moving the supply curve to the right will increase supply while adjusting it to the left would decrease it.

Learn more about the supply curve:

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