Figure 11-1

-In Figure 11-1, a cost-reducing technological breakthrough in calculator production would cause which movement?

Question

Figure 11-1
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-In Figure 11-1, a cost-reducing technological breakthrough in calculator production would cause which movement?

Quizplus · Accepted Answer

A cost-reducing technological breakthrough in calculator production would shift the supply curve to the right, indicating an increase in the quantity supplied at a given price. This would cause movement from point A to point B along the demand curve, as the lower cost of production would allow suppliers to offer more calculators for sale at each price point.

Figure 11-1 ​

Figure 11-1