​Figure 52

Multiple Choice

​Figure 5.2. The figure shows the supply and demand curves of a firm.
-Refer to figure 5.2. Which of the following will cause a shift in the supply curve from S to S₁​?

A) ​A decline in the cost of producing the commodity
B) ​An increase in the cost of producing the commodity
C) ​An increase in the price of the commodity
D) ​A decline in the price of the commodity
E) ​A leftward shift in the demand curve of the product