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The diagram shows the demand and supply conditions in the competitive market for product X. Other things equal, a shift of the supply curve from

The diagram shows the demand and supply conditions in the competitive market for product X. Other things equal, a shift of the supply curve from S0to S1might be caused by which of the following? ChooseTWO:

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Price 0 A B C Quantity The diagram shows the demand and supply conditions in the competitive market for product X. Other things equal, a shift of the supply curve from So to 51 might be caused by which of the following? Choose TWO: C] A decrease in the number of firms producing X. C] An increase in the wage rates paid to the labours employed in the production of X. C] A fall in the price of the basic raw material used in producing X. C] Government subsidy per unit of output paid to firms producing X

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