Economy, asked by richard15, 11 months ago

State any three causes of a rightward shift of supply curve​

Answers

Answered by ripusingh0189
3

Answer:

Three reasons for the rightward shift of the supply curve:

Price of the product: When there is an increase in the price of the product and if it is more than the marginal cost of production, it enables the firm to earn excess profit by selling at a higher price. ...

Technological condition: Technological progress creates positive approach in the supply of a particular product.

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