A shift to the right in the supply of an agricultural good could be caused by: A: New farming technology B: A drought C: A price increase due to government regulation D: A price decrease due to government regulation

Economics Dec 12, 2020

A shift to the right in the supply of an agricultural good could be caused by:

A: New farming technology

B: A drought

C: A price increase due to government regulation

D: A price decrease due to government regulation

Expert Solution

A shift to the right in the supply of an agricultural good could be caused by A: New farming technology.

When the supply curve shifts to the right, it signifies an increase in supply. Application of new technology in agriculture will increase yield; therefore, increasing supply.

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