Chegg Study Guided Solutio xQ Supply and Demand Flashcard x

Chegg Study | Guided Solutio xQ Supply and Demand Flashcard x pa.edu/courses/1049629/quizzes/1767252/take Commu....YouTube MindTap MathAS CChegg Question 8 5 pts A drought decreases the supply of agricultural products. This means that at any given price, a lower quantity will be supplied. Conversely, especially good weather would shift the supply curve to the left. prices rise O demand curve to the right. prices rise supply curve to the right. prices fall Question 9 5 pts Which of the following would cause the supply curve to shift to the right? An increase in the price of the product An increase in production costs O An improvement in technology O an incrase in prices 6

Solution

Ans 1)

In Good weather condition supply curve moves to right which provides more quantity for given price that means prices fall

Hence option C is correct response

Ans 2)

An improvement in technology will enhance production process that quantity of higher amount produced in given price level.

Option C is correct answer