The development of a new production technique that lowers the cost of producing 3-D movies will shift the supply curve of 3-D movies to the right.

Question

Quizplus · Accepted Answer

A decrease in production costs makes it cheaper for companies to produce 3-D movies, leading to an increase in the quantity supplied at each price point, which is represented by a rightward shift in the supply curve.

The Development of a New Production Technique That Lowers the Cost