![If the market supply curve for a product shifts rightwards, what is the best possible explanation for this shift?](https://www.gkseries.com/blog/wp-content/uploads/2022/09/If-the-market-supply-curve-for-a-product-shifts-rightwards-what-is-the-best-possible-explanation-for-this-shift.png)
Q. If the market supply curve for a product shifts rightwards, what is the best possible explanation for this shift?
- Increase in the price of raw materials
- Introduction of a tax on that product by the government
- Introduction of a new technique that makes the production of that commodity cheaper
- An advertising campaign that is successful in promoting the product
Answer: Introduction of a new technique that makes the production of that commodity cheaper