A technological breakthrough lowers the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n):

Question

Quizplus · Accepted Answer

A technological breakthrough that lowers the cost of manufacturing DVDs would result in an increase in the supply of DVDs. This would cause a rightward shift in the supply curve for DVDs, leading to a new equilibrium point where the quantity of DVDs supplied and demanded will be higher, but the price will be lower than before. Therefore, the correct answer is a rightward shift in the supply curve for DVDs (Option C).

A Technological Breakthrough Lowers the Cost of Manufacturing DVDs