Which of the following will cause the supply curve to shift to the right quizlet?

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Which of the following is most likely to occur when a competitive market adjusts from one equilibrium to another?

1. A decrease in demand will cause the equilibrium price, equilibrium quantity, and total surplus to increase.

2. An increase in demand will cause the equilibrium price, equilibrium quantity, and producer surplus to increase.

3. A decrease in supply will cause the equilibrium price to decrease, the equilibrium quantity to increase, and consumer surplus to decrease.

4. An increase in supply will cause the equilibrium price to increase, the equilibrium quantity to decrease, and consumer surplus to increase.

5. a decrease in supply and increase in demand will cause the equilibrium quantity to decrease but the equilibrium price to be indeterminate.

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Which of the following will cause the supply curve to shift to the right?

A change in the number of sellers in an industry changes the quantity available at each price and thus changes supply. An increase in the number of sellers supplying a good or service shifts the supply curve to the right; a reduction in the number of sellers shifts the supply curve to the left.