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Economics
Economics Today
Chapter 3
Q. f- For Critical Thinking

Chapter 3: Q. f- For Critical Thinking (page 64)

Has the market supply curve in China shifted rightward or leftward?Explain

Short Answer

Expert verified

Rightward shift.

Step by step solution

Step1. Given information

A large number of new vehicle producing firms entered the automobile sector of China.

Step2. Explanation

Since the number of suppliers increased, the supply of automobiles in the market shall rise. This will shift the supply curve rightwards.

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