A rightward shift in the supply curve of a commodity is brought about by an increase in?
A. the level of technology B. the price of the commodity C. cost of production D. taxation
Correct Answer: C
Explanation
Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.
