-Moving from supply curve S1 to supply curve S2 could be caused by a(n)
A) decrease in consumers' incomes.
B) decrease in quantity demanded.
C) improvement in the technology firms use to produce the good.
D) increase in the price of raw materials.
E) increase in the wages of labourers.

Question

-Moving from supply curve S1 to supply curve S2 could be caused by a(n)
A) decrease in consumers' incomes. 
B) decrease in quantity demanded. 
C) improvement in the technology firms use to produce the good. 
D) increase in the price of raw materials. 
E) increase in the wages of labourers.

Quizplus · Accepted Answer

An improvement in technology typically increases supply, shifting the supply curve to the right from S1 to S2.

-Moving from Supply Curve S1 to Supply Curve S2 Could