Multiple Choice Questions on The supply curve of a good shift to the right when prices of other goods ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

The supply curve of a good shift to the right when prices of other goods ........

Introductory Microeconomics Consumer Behavious and Demand
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    The supply curve of a good shift to the right when prices of other goods____________

     

    Rise
     

    Correct Answer

    Fall


     

    Incorrect Answer

    Remains the same
     

    Incorrect Answer

    Increases

    Incorrect Answer
    Explanation:

    Option (2) is correct.
    Explanation: When the price of related goods fall, the good becomes relatively more profitable to produce, shifting the supply curve to the right.

     

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