Economics WAEC

A rightward shift in the supply curve of a commodity is brought about by an increase in?

A. the level of technology
B. the price of the commodity
C. cost of production
D. taxation

Correct Answer: Option C

C. cost of production

Explanation

Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.

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