Question 28
MediumOriginal questionWhich of these shifts the supply curve of a good to the right?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Better technology lowers the cost of each unit, so firms offer more at every price.
Dearer inputs and a unit tax raise costs (shift left); own price moves along the curve.
- Concept
- Technology and supply
- Typical timeTypical
- 70 s
- Your timeYours
- —
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