A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2018 · Q51 Mark
What will happen to an industry's supply curve if new firms enter the industry?
AIt will shift to the left at any given price.
BIt will shift to the right at any given price.
CThere will be a downward movement along the supply curve.
DThere will be an upward movement along the supply curve.
✓ Correct answer
B: It will shift to the right at any given price.
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