-A technological improvement in the hamburger industry will cause Sam's hamburgershop (Exhibit K-1) to
A) face increased competition
B) experience a rightward shift in demand for its product
C) decrease its output
D) continue as in the past
E) have lower profits

Question

-A technological improvement in the hamburger industry will cause Sam's hamburgershop (Exhibit K-1) to
A) face increased competition 
B) experience a rightward shift in demand for its product 
C) decrease its output 
D) continue as in the past 
E) have lower profits

Quizplus · Accepted Answer

A technological improvement in the hamburger industry will likely lead to increased competition as other firms may also adopt the new technology, potentially lowering costs and increasing supply in the market.

-A Technological Improvement in the Hamburger Industry Will Cause Sam's