Questions: The costs to produce a product have decreased. The price of the product has decreased. The price of the product has increased. The costs to produce a product have increased.

Solution Steps

The supply curve has shifted to the right from "Supply" to "Supply 2".

A rightward shift in the supply curve typically indicates that the supply of the product has increased. This can happen due to a decrease in production costs, improvements in technology, or other factors that make it easier or cheaper to produce the product.

Among the given options:

• "The costs to produce a product have decreased" is the most likely cause for the rightward shift in the supply curve.

Final Answer