Use the following to answer question(s): Demand and Supply Shifters

-(Exhibit: Demand and Supply Shifters) The exhibit shows how supply and demand might shift in response to specific events.Suppose the technology for producing handheld calculators improves.Which panel best describes how this will affect the market for handheld calculators?

Question

Use the following to answer question(s): Demand and Supply Shifters
 
-(Exhibit: Demand and Supply Shifters) The exhibit shows how supply and demand might shift in response to specific events.Suppose the technology for producing handheld calculators improves.Which panel best describes how this will affect the market for handheld calculators?

Quizplus · Accepted Answer

An improvement in technology for producing handheld calculators makes production more efficient, leading to an increase in supply. This is represented by a rightward shift of the supply curve, as shown in Panel (c), without affecting the demand curve.

Use the Following to Answer Question(s): Demand and Supply Shifters