Figure 3-F
-Refer to Figure 3-F.A supply shift from S0 to S2 can be best explained by:

Name: Figure 3-F -Refer to Figure 3-F.A supply shift from S0 to S2 can be best explained by:
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Question

Figure 3-F 
-Refer to Figure 3-F.A supply shift from S0 to S2 can be best explained by:

Quizplus · Accepted Answer

A supply shift from S0 to S2 indicates an increase in supply, which could be caused by a technological advance that reduces production costs. The other options - input price increases, rise in taxes, and bad weather - would decrease supply and shift the curve to the left instead.

Figure 3-F -Refer to Figure 3-F.A Supply Shift from S0 to S2