Ceteris Paribus, an Improvement in Production Technology

Ceteris paribus, an improvement in production technology

A) shifts the supply curve to the left, increasing the equilibrium price and reducing equilibrium output.
B) shifts the supply curve to the right, reducing the equilibrium price and increasing equilibrium output.
C) shifts the demand curve to the left, reducing both equilibrium price and output.
D) shifts the demand curve to the right, increasing both equilibrium price and output.