When _______, a firm will supply a higher quantity at any given price for its output, and the supply curve will shift to the right.
A) prices rise
B) equilibrium is achieved
C) costs of production fall
D) there is a population increase

Question

Quizplus · Accepted Answer

When the costs of production fall, a firm can afford to produce more at the same price levels, leading to a rightward shift in the supply curve.

When _______, a Firm Will Supply a Higher Quantity at Any