A technological innovation in the production of golf balls increases ______, causing the price to ______ and the ______.
A) supply; fall; quantity demanded to increase
B) the quantity supplied; fall; quantity demanded to increase
C) supply; rise; demand to decrease
D) supply; fall; demand to increase

Question

Quizplus · Accepted Answer

A technological innovation typically increases supply, which leads to a decrease in price and an increase in the quantity demanded.

A Technological Innovation in the Production of Golf Balls Increases