An extension of supply curve of Product X occurs when ______.

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KollegeApply · Accepted Answer

An extension of supply curve of Product x occurs when the price of the product increases. Explanation: • An extension of supply occurs when there is an increase in the quantity supplied of a product in response to an increase in its price. This is represented by a movement along the supply curve to a higher quantity supplied, rather than a shift of the curve itself. • When the price of Product X increases, suppliers are willing to supply more of the product, leading to an extension of the supply curve.

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