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What best explains a shift in market supply curve to the right?

Asked on by | Votes 0 | Views: 128 | Tags: general knowledge     | commerce     | economics     | Add Bounty

What best explains a shift in market supply curve to the right?

A).  An advertising campaign is successful in promoting the good

B).  A new technique makes it cheaper to produce the good

C).  The government introduces a tax on the good

D).  The price of raw materials increases


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Answered by on | Votes 0 |

 A new technique makes it cheaper to produce the good



A new technique makes it cheaper to produce the good best explains a shift in market supply curve to the right. A rightward shift in the supply curve, say from a new production technology, leads to a lower equilibrium price and a greater quantity.

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