3.5 Market Effects of Changes in Supply
Figure 3.4
-Figure 3.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from

Question

3.5 Market Effects of Changes in Supply
  Figure 3.4
-Figure 3.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from

Quizplus · Accepted Answer

A technological advancement that makes tacos cheaper to produce will result in an increase in supply, which means the supply curve will shift to the right from S₀ to S₂. Therefore, the correct answer is D.