Refer to the diagram,which shows demand and supply conditions in the competitive market for product X.Other things equal,a shift of the supply curve from S0 to S1 might be caused by a(n) : 
A) increase in the wage rates paid to the labours employed in the production of X.
B) government subsidy per unit of output paid to firms producing X.
C) decline in the price of the basic raw material used in producing X.
D) increase in the number of firms producing X.
Correct Answer:
Verified
Q73: An improvement in production technology will
A) increase
Q121: Q124: Which one of the following would cause Q131: In moving along a stable supply curve Q131: Other things equal, an excise tax on Q137: A fall in the price of milk, Q148: If a product is in surplus supply, Q150: Which would cause an increase in quantity Q154: With a downward sloping demand curve and Q158: At any above-equilibrium price:
A)quantity demanded exceeds quantity
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