A more efficient means of processing tree bark to produce an anticancer drug is discovered.As a result, the supply curve for the drug will:

Question

Quizplus · Accepted Answer

The discovery of a more efficient means of processing tree bark to produce the anticancer drug will increase the supply of the drug, hence shifting the supply curve to the right. This increase in the supply of the drug will lead to a decrease in its price, hence the correct answer is option C.

A More Efficient Means of Processing Tree Bark to Produce