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Which of the following could explain the shift from S1 to S2?

A.)The supplier began to produce a more profitable good instead.
B.)Innovative technology has caused resource costs to decrease.
C.) The cost of a necessary resource in producing the good increased.
D.) Two suppliers that were maior competitors went out of business

Respuesta :

abiolataiwo2015

The statement that  could explain the shift from S1 to S2 is: C.) The cost of a necessary resource in producing the good increased.

Shift in Supply curve from S1 to S2?

Shift in Supply curve from S1 to S2 occur due to different factors. When there is Shift in Supply curve from S1 to S2 this means that some changes has occur to both demand and supply of the product in the market.

Shift in Supply curve  can occur when their increase in the price of goods and service.

Therefore the correct option is C.

Learn more about Shift in Supply curve from S1 to S2 here:https://brainly.com/question/11850982

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Answer: The cost of a necessary resource in producing the good increased.

Explanation: Just took the test

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