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Any Improvement in Production Technology That Permits More of a Good

Question 82

Multiple Choice

Any improvement in production technology that permits more of a good or service to be produced with the same level of inputs causes


A) a rightward shift of the supply curve so that more is offered for sale at each price.
B) a leftward shift of the supply curve so that less is offered for sale at each price.
C) no movement of the supply curve,but a fall in price and a decrease in quantity supplied.
D) a movement up the supply curve resulting in both a higher price and greater quantity supplied.

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