An improvement in production technology will
A) increase equilibrium price.
B) shift the supply curve to the left.
C) shift the supply curve to the right.
D) shift the demand curve to the left.
Correct Answer:
Verified
Q68: If producers obtain higher prices than before
Q69: A leftward shift of a product supply
Q70: (Advanced analysis) The equation for the supply
Q71: In moving along a demand curve, which
Q72: The law of supply indicates that, other
Q74: Q75: The upward slope of the supply curve Q76: A firm's supply curve is upsloping because Q77: Increasing marginal cost of production explains Q78: ![]()
A)
A) the![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents