Question

If the x-axis is Quantity and the y-axis is Price, which of the following is the best summarization of the supply shift from S1 to S2?

A)The supply decreased.
B) The supply stayed the same.
C) The supply increased.
D) The supply outweighed demand.

Answer 1

Option B is correct.

Explanation:

We have been given x-axis representing quantity

And y-axis representing price

S1 and S2 are supply

So, these two supply have parallel lines which means they will never intersect they will remain same throughout the domain.

Therefore, the supply stayed the same.

Option B is correct.

Answer 2

Line S1 and S2 are parallel and that shows that the rate of change in price to change in quantity stays the same. This means that the supply stays the same.


Correct answer: B