Question

Which factor would shift the supply of skateboards to the right?

A) An increase in the cost of producing skateboards.
B) A decrease in the price of skateboarding accessories.
C) A technological advancement that reduces the production time for skateboards.
D) A decrease in consumer demand for skateboards.

Answer 1

A technological advancement that reduces the production time for skateboards would shift the supply curve to the right, indicating an increase in supply due to lower production costs.

Step-by-step explanation:

The factor that would shift the supply of skateboards to the right is C) A technological advancement that reduces the production time for skateboards. This improvement in technology lowers the cost of production, thereby leading to an increase in supply. According to economic principles, a reduction in production costs makes it less expensive for firms to supply any given quantity of skateboards, which is illustrated as a rightward or downward shift in the supply curve.

This adjustment in the supply is not to be confused with factors that affect demand, such as a change in consumer preferences or an increase in the need for skateboards, which would shift the demand curve to the right, not the supply curve.