Refer to the Graphs Shown

Multiple Choice

Refer to the graphs shown. If product demand increases from D₁ to D₂, causing the product price to increase, the MRP curve of firm A (a supplier of this product) will:

A) remain the same, but there will be a movement upward and to the left along MRP1.
B) remain the same, but there will be a movement downward and to the right along MRP2.
C) shift to the right.
D) shift to the left.