The supply curve for a good will shift to the right if:
A) some ?rms in the market close down and exit the market.
B) the costs of labour used in producing the good increase.
C) the costs of capital used in producing the good increase.
D) a cost-reducing technology is introduced in production.

Question

Quizplus · Accepted Answer

The supply curve will shift to the right if the production of the good becomes more efficient or less costly, which is what happens when a cost-reducing technology is introduced. This makes it cheaper to produce the good, increasing the quantity supplied at every price level.

The Supply Curve for a Good Will Shift to the Right