00:01
All right, so which of the following increases the supply of a good and shifts its supply curve rightward? so let's say we have a supply curve that looks like this.
00:13
Then it shifts right word.
00:16
So let's say we take a look at a certain quantity, right? so let's say quantity one is like a hundred of whatever bananas.
00:23
Why not? this is price.
00:27
If we look at this, it is s2 offers the same quantity for a lower price.
00:39
So basically, as this moves from here to here, supplied quantity has increased.
00:51
Should close that queue.
00:53
Okay, so then we look at our options here.
00:59
An increase in the price of the good? an increase in the price of the good would only move it along here, if that makes sense like that...