A more efficient means of processing algae to produce an anticancer drug is discovered. As a result, the supply curve for the drug will:
A. shift to the right, increasing the price of the drug.
B. shift to the left, increasing the price of the drug.
C. shift to the right, decreasing the price of the drug
D. shift to the left, decreasing the price of the drug.
Answer:C
A more efficient means of processing algae to produce an anticancer drug is discovered. As a result, the supply curve for the drug will:
A. shift to the right, increasing the price of the drug. B. shift to the left, increasing the price of the drug. C. shift to the right, decreasing the price of the drug D. shift to the left, decreasing the price of the drug.