Technological improvements cause
A)ATC to shift down.
B)The supply curve to shift to the left.
C)MC to shift up.
D)P to increase.

Name: Technological improvements cause A)ATC to shift down. B)The supply curve to shift to the left. C)MC to shift up. D)P to increase.
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Question

Quizplus · Accepted Answer

Technological improvements make production more efficient, leading to a decrease in the average total cost (ATC) of production.

Technological Improvements Cause