There is a technological advance in the production of ice cream. As a result, the supply curve of ice cream shifts and .

Question

Quizplus · Accepted Answer

With a rightward shift in the supply curve due to a technological advance in production, there will be an increase in the quantity supplied at every price level, leading to a fall in the equilibrium price and an increase in the equilibrium quantity. Therefore, choice A is the correct answer.

There Is a Technological Advance in the Production of Ice