A positive technological change will cause the supply of a good to increase.

Name: A positive technological change will cause the supply of a good to increase.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A positive technological change can lead to increased efficiency in production, which can result in an increase in the supply of a good. This is because technology can help lower costs, increase productivity, and increase output. As a result, businesses are able to produce more of the good and supply it to the market at a lower cost.

A Positive Technological Change Will Cause the Supply of a Good