Which of the following choices contains only factors that cause the supply curve to shift to the right?
A) a fall in production costs, a rise in technology, an increase in taxes on output
B) a fall in tastes and preferences for the product, economic growth, and a rise in technology
C) a decrease in taxes on production, a fall in subsidies on production, a rise in costs of production
D) a rise in technology, a fall in the costs of production, a fall in taxes on output

Question

Quizplus · Accepted Answer

A rise in technology and fall in production costs both lead to an increase in supply, while a fall in taxes on output would decrease production costs and incentivize firms to produce more. Therefore, D is the only choice with factors that cause the supply curve to shift to the right.

Which of the Following Choices Contains Only Factors That Cause