Suppose That a Newer Way to Produce a Good Is

question 135

Multiple Choice

Suppose that a newer way to produce a good is discovered,which reduces production costs for the good.This will cause

• A)no change in the supply curve,only a change in price.
• B)a decrease in supply (a leftward shift of the supply curve).
• C)a movement up the supply curve.
• D)a movement down the supply curve.
• E)an increase in supply (a rightward shift of the supply curve).