Explain any two causes of a 'rightward' shift of supply curve.
Explain any two causes of a 'rightward' shift of supply curve.
4 views
1 Answers
Causes of rightward shift of supply curve are:
(a) Use of improved technology: It reduces cost. Price remaining unchanged, profit rise. This leads to shift of supply curve to the right.
(b) Fall in prices of inputs: It reduces cost. Price remaining unchanged, profits rise. This leads to shift of supply curve to the right.
4 views
Answered