A technological advancement in the production of hybrid cars will cause a________ the supply curve for hybrid cars and a(n)________in the equilibrium price of hybrid cars.

Question

Quizplus · Accepted Answer

A technological advancement in the production of hybrid cars would cause the supply curve to shift to the right, indicating an increase in supply. This shift would typically lead to a decrease in the equilibrium price, as more cars are available at every price level.

A Technological Advancement in the Production of Hybrid Cars Will