A Reduction in Production Costs Will Result in A(n)

question 361

Multiple Choice

A reduction in production costs will result in a(n) :

• A) rightward shift of the supply curve.
• B) increase in supply.
• C) greater willingness and ability of producers to supply a larger quantity at any given price.
• D) greater willingness and ability of producers to supply the same quantity at a lower price.
• E) all of these.

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