What best explains a shift in market supply curve to the right?

A An advertising campaign is successful in promoting the good
B A new technique makes it cheaper to produce the good
C The government introduces a tax on the good
D The price of raw materials increases

Correct Answer: A new technique makes it cheaper to produce the good

A new technique makes it cheaper to produce the good best explains a shift in market supply curve to the right. A rightward shift in the supply curve, say from a new production technology, leads to a lower equilibrium price and a greater quantity.
Bissoy MCQ
#Commerce #Economics

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