A reduction in production costs will result in a(n):

Question

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A reduction in production costs will result in a rightward shift of the supply curve as producers will be able to supply more at any given price. This will also result in an increase in supply and greater willingness and ability of producers to supply a larger quantity at any given price. Additionally, with lower costs, producers will be more willing and able to supply the same quantity at a lower price.

A Reduction in Production Costs Will Result in A(n)