Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause:
A) an increase in supply, or a rightward shift of the supply curve.
B) a decrease in supply, or a leftward shift of the supply curve.
C) an increase in quantity supplied, or a movement down the supply curve.
D) a decrease in quantity supplied, or a movement up the supply curve.
Correct Answer:
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