Figure 4.5
-Figure 4.5 illustrates the supply of guitars.A technological advancement that makes guitars cheaper to produce would most likely cause a movement from:

Question

Quizplus · Accepted Answer

A technological advancement that makes guitars cheaper to produce would shift the supply curve to the right, from S1 to S2. This is because producers can now produce more guitars at a lower cost, leading to an increase in the quantity supplied at each price level.

Figure 4.5 -Figure 4.5 Illustrates the Supply of Guitars.A Technological Advancement That