S1 So H m TO Price Do 0 A B C Quantity Refer to the diagram, which shows demand and supply conditions in the competitive market for product X. Other things equal, a shift of the supply curve from SO to $1 might be caused by a (n) O A. decline in the price of the basic raw material used in producing X. O B. government subsidy per unit of output paid to firms producing X. O C. increase in the wage rates paid to laborers employed in the production of X