Question

Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good: a) sellers of the good will increase the supply of the good at the same price. b) sellers of the good will increase the quantity of the good supplied in the market. c) sellers of the good will decrease the supply of the good at the same price. d) sellers of the good will decrease the quantity supplied.

Answer 1

Answer: B

Explanation:Sellers of the goods will increase the quantity of the goods supplied in the market.

the shift rightwards is to show that there is a increase in the quantity demanded so the seller will definitely increase the quantity goods supplied.