If a car manufacturer purchases new labour-saving technology for its assembly line,what would we NOT expect

Question

Quizplus · Accepted Answer

The purchase of new labour-saving technology is generally expected to reduce labour costs for the firm, which would allow it to reduce the price of cars or at least maintain the same price while improving profit margins. Therefore, it would not be expected for the price of cars to increase as a result of this investment.

If a Car Manufacturer Purchases New Labour-Saving Technology for Its