A rightward shift of the entire supply curve

Name: A rightward shift of the entire supply curve
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A rightward shift of the entire supply curve is an increase in supply, which can occur due to a positive change in technology (which reduces production costs), a decrease in the cost of labor (which also reduces costs), or an increase in the number of sellers (which increases the quantity supplied at each given price level). Therefore, all choices are correct.

A Rightward Shift of the Entire Supply Curve