If there is an improvement in the technology used to produce a good,the supply curve for that good will shift to the left.

Name: If there is an improvement in the technology used to produce a good,the supply curve for that good will shift to the left.
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Question

Quizplus · Accepted Answer

If there is an improvement in the technology used to produce a good, it results in lower costs of production, which means that producers can supply more of the good at every price level. As a result, the supply curve shifts to the right, not to the left.

If There Is an Improvement in the Technology Used to Produce