Suppose biochemists discover an enzyme that can double the amount of ethanol that may be derived from a given amount of biomass. Based on this technological development, we expect the:
A) supply curve for ethanol to shift leftward.
B) supply curve for ethanol to shift rightward.
C) demand curve for ethanol to shift leftward.
D) demand curve for ethanol to shift rightward.

Question

Quizplus · Accepted Answer

The discovery of an enzyme that can double the amount of ethanol produced from a given amount of biomass would increase the supply of ethanol, as producers would be able to produce more ethanol from the same amount of biomass. This would shift the supply curve for ethanol to the right. Therefore, the correct answer is choice B, supply curve for ethanol to shift rightward.

Suppose Biochemists Discover an Enzyme That Can Double the Amount