How would supply shift caused by lower costs of production affect price and quantity? (1 point) higher price,

Question

How would supply shift caused by lower costs of production affect price and quantity?

(1 point)

higher price, lower quantity


lower price, lower quantity


lower price, higher quantity


higher price, higher quantity

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GPT-5 mini · Answer

lower price, higher quantity

Lower production costs shift supply to the right (increase supply), which lowers equilibrium price and raises equilibrium quantity.

How would supply shift caused by lower costs of production affect price and quantity?

(1 point)

higher price, lower quantity

lower price, lower quantity

lower price, higher quantity

higher price, higher quantity

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How would supply shift caused by lower costs of production affect price and quantity? (1 point) higher price, lower quantity lower price, lower quantity lower price, higher quantity higher price, higher quantity Skip to navigation

All Answers 1

Submit Your Answer

How would supply shift caused by lower costs of production affect price and quantity?

(1 point)

higher price, lower quantity

lower price, lower quantity

lower price, higher quantity

higher price, higher quantity

Skip to navigation