{"id":119154,"date":"2022-09-27T12:42:14","date_gmt":"2022-09-27T07:12:14","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=119154"},"modified":"2022-09-27T12:42:16","modified_gmt":"2022-09-27T07:12:16","slug":"if-the-market-supply-curve-for-a-product-shifts-rightwards-what-is-the-best-possible-explanation-for-this-shift","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/if-the-market-supply-curve-for-a-product-shifts-rightwards-what-is-the-best-possible-explanation-for-this-shift\/","title":{"rendered":"If the market supply curve for a product shifts rightwards, what is the best possible explanation for this shift?"},"content":{"rendered":"\n<p><strong>Q. If the market supply curve for a product shifts rightwards, what is the best possible explanation for this shift?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Increase in the price of raw materials<\/li><li>Introduction of a tax on that product by the government<\/li><li>Introduction of a new technique that makes the production of that commodity cheaper<\/li><li>An advertising campaign that is successful in promoting the product<\/li><\/ul>\n\n\n\n<p>Answer: Introduction of a new technique that makes the production of that commodity cheaper<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":419,"featured_media":119155,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4960],"tags":[4961],"offerexpiration":[],"class_list":["post-119154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-demand-and-supply-mcqs","tag-demand-and-supply-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=119154"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119154\/revisions"}],"predecessor-version":[{"id":119156,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119154\/revisions\/119156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/119155"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=119154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=119154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=119154"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=119154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}