The Following Questions Refer to the graph below. -The demand curve and supply curve for beef are DD and SS.Which of the following could cause supply to shift to S₁S₁? A)An increase in the cost of production B)A decrease in the cost of production C)An increase in the price of a substitute in production D)An increase in income E)All of the above

Question

Quizplus · Accepted Answer

A decrease in the cost of production would make it cheaper to produce beef, leading to an increase in supply, which would shift the supply curve to the right from SS to S1S1.

The Following Questions Refer to the Graph Below