Which of the following does NOT cause a rightward shift in the ...

[KWilfred]

Which of the following does NOT cause a rightward shift in the supply curve?
 
  A) a reduction in resource costs
  B) an increase in technology
  C) a reduction in the price of the good
  D) a reduction in the expected future price of the good

Question 2

Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to
 
  A) marginal cost, which is P1.
  B) marginal cost, which is P2.
  C) average cost, which is P3.
  D) average cost, which is P4.

[itsakadoozi]

Answer to Question 1

C

Answer to Question 2

C

[KWilfred]

Thanks for the timely response, appreciate it

[31809pancho]

TYSM