Solved

There Is a Technological Advance in the Production of Ice

Question 330

Multiple Choice

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


A) leftward; both the equilibrium price and equilibrium quantity fall
B) rightward; both the equilibrium price and equilibrium quantity fall
C) rightward; both the equilibrium price and equilibrium quantity rise
D) rightward; the equilibrium price falls while the equilibrium quantity increases

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents