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.
Explanation: 24. How do apple growers react to the news of medical research findings that suggest that eating apples leads to greater health benefits than were previously known?