Suppose that Reebok successfully implements 3D printing technology in several of its shoe models, which allows the company to avoid much of the traditional production process used in the manufacture of shoes. All else equal, this technological improvement would
A) shift the supply curve for its products to the right.
B) shift the supply curve for its products to the left.
C) shift the demand curve for its products to the right.
D) shift the demand curve for its products to the left.

Question

Quizplus · Accepted Answer

Implementing 3D printing technology would likely reduce production costs and time, enabling Reebok to produce more shoes at each price level. This increase in efficiency and production capacity would shift the supply curve to the right, indicating an increase in supply.

Suppose That Reebok Successfully Implements 3D Printing Technology in Several