Which of the following does NOT cause a rightward shift in the supply curve? an increase in technology a reduction in resource costs a reduction in the expected future price of the good a reduction in the price of the good

Question

Social Studies

Kid

16 July, 20:23

Which of the following does NOT cause a rightward shift in the supply curve? an increase in technology a reduction in resource costs a reduction in the expected future price of the good a reduction in the price of the good

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Answers (1)

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Elisa Cardenas · Answer 1

a reduction in the price of the good

Explanation:

A supply curve will shift to the right if the sellers increase the amount of goods sold in the market.

When the price of that particular good is decreased, the amount of profit that the sellers can get from selling the goods will also decreased. So in response, the Sellers will reduce the amount of goods sold in the market (at least until the selling price bounced back again). This will cause the supply curve shifts to the left.