Multiple Choice
Suppose over the next few years the productivity of firms producing electric cars improves dramatically. The advance in productivity leads to
A) an increase in the supply electric cars so that the supply curve shifts rightward.
B) a decrease in the supply of electric cars so that the supply curve shifts rightward.
C) a decrease in the supply of electric cars so that the supply curve shifts leftward.
D) an increase in the supply of electric cars so that the supply curve shifts leftward.
E) no change in the supply of electric cars, only a change in the quantity supplied of electric cars.
Correct Answer:
Verified
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