The supply curve should shift to the left if the cost of producing an item declines due to improved technology.

Name: The supply curve should shift to the left if the cost of producing an item declines due to improved technology.
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Question

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A decline in the cost of producing an item due to improved technology would typically cause the supply curve to shift to the right, indicating an increase in supply at each price level.

The Supply Curve Should Shift to the Left If the Cost