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QUESTION
Q28. Which one of the following would cause a rightward shift of the supply curve?
Q28. Which one of the following would cause a rightward shift of the supply curve?
a. A new tax is imposed on production of the good.
b. Some firms that have been producing the good go out of business.
c. Firms producing the good find ways of lowering their production costs.
d. There is an increase in demand for the good.
