Technical and organizational change
A) typically reduces prices by increasing the supply of the product, ceteris paribus.
B) typically reduces prices by decreasing the demand for the product, ceteris paribus.
C) typically increases prices by increasing the demand for the product, ceteris paribus.
D) typically increases prices by decreasing the supply for the product, ceteris paribus.

Question

Quizplus · Accepted Answer

Technical and organizational change usually increase the supply of the product, leading to a shift in the supply curve to the right, and this usually results in lower prices, ceteris paribus.

Technical and Organizational Change