Which of the following would cause a shift to the right of the supply curve for gasoline? I. A large increase in the price of public transportation. II. A large decrease in the price of automobiles. III. A large reduction in the costs of producing gasoline

Respuesta :

Answer:

A large reduction in the costs of producing gasoline.

Explanation:

Supply refers to the total volume of goods and services a supplier is able to supply willingly at a given price.

One of the causes of a shift in supply curve to the right is changes in production cost. A shift in supply curve to the right means an increase in the quantity of goods supplied. Other causes are technology, number of sellers, natural factors etc.

When the cost of producing a certain item like gasoline reduces, producers will be able to buy more of those items required to produce gasoline hence production of gasoline increases.

The relationship between input price and quantity supply is inversly related. It therefore follows that the higher the production cost, the lower the quantity supplied and vice versa.

Answer:

a

Explanation:

because its all true