Which of the following is the least likely to result from an advance in technology?
A) suppliers offering a larger quantity than before at each given price.
B) suppliers offering the same quantity as before at a lower price.
C) a leftward shift of the supply curve.
D) an increase in supply.

Question

Quizplus · Accepted Answer

An advance in technology is likely to shift the supply curve to the right, indicating an increase in supply. Options A and B suggest an increase in supply, which is a likely outcome of technological advancement. Option C suggests a decrease in supply, which is unlikely to result from technological advancement.

Which of the Following Is the Least Likely to Result