Macroeconomics 10th Edition by Roger Arnold

Exercise 17

In the discussion of health care and the right to sue your HMO, we state, "Saying that a seller's minimum price for providing a good or service rises is the same as saying that the seller's supply curve has shifted upward and to the left." Does it follow that, if a seller's minimum price falls, the supply curve shifts downward and to the right? Explain your answer.