Which of the following does NOT cause a rightward shift in the supply curve? a

Economics Dec 13, 2020

Which of the following does NOT cause a rightward shift in the supply curve?

a. A reduction in resource costs

b. A reduction in the expected future price of a good

c. An increase in technology

d. A reduction in the price of a good

Expert Solution

c. An increase in technology

An increase in the technology level does not lead to a rightward shift in the supply curve of a commodity. A rightward shift of the supply curve of a commodity means that the supply of a commodity increases thus shifting of the supply curve to the right. Factors that may lead to a rightward shift of the supply curve include a reduction in the price of the commodity, a reduction in the expected future price of a good and a reduction in resource costs.

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