Question

6. Which change could explain the shift of the supply curve for a product from SS to S1S1?

A:Fall in price from P1 to P.

B:A rise in the quantity demanded from Q to Q1.

C:A Reduction in the cost of producing the product.

D:The imposition of a tax on the product.​

Answer 1

Answer:

Explanation:

The initial supply curve S0 shifts to become either S1 or S2. This is caused by production conditions, changes in input prices, advances in technology, or changes in taxes or regulation