Which of the following shifts the supply curve rightward?

Question

Quizplus · Accepted Answer

A decrease in the price of a factor of production used to produce the good will lower the costs of production, causing suppliers to produce more at any given price level. This will shift the supply curve rightward.

The other options are incorrect:
A) a decrease in the price of the good would not shift the supply curve but would cause a movement along the existing supply curve.
C) an increase in population would shift the demand curve rightward, not the supply curve.
D) a positive change in preferences for the good would also shift the demand curve rightward.

Which of the Following Shifts the Supply Curve Rightward