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Which scenario would cause a producer to increase the supply of a product?
an unchanging demand
an increase in demand
a seasonal decline in demand
a sizable decrease in demand
An improvement in technology that reduces the cost of production will cause an increase in supply. Alternatively, you can think of this as a reduction in price necessary for firms to supply any quantity. Either way, this can be shown as a rightward (or downward) shift in the supply curve.
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