If the market supply curve for a product shifts rightwards, what is the best possible explanation for this shift?

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

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