Author Question: An advance in technology results in: a. suppliers offering a larger quantity than before at each ... (Read 47 times)

segrsyd · **on:** Jun 30, 2018

An advance in technology results in:
a. suppliers offering a larger quantity than before at each given price.
b. suppliers offering the same quantity as before at a lower price.
c. a rightward shift of the supply curve.
d. an increase in supply.
e. all of these.

Question 2

Assume that oranges and peaches can both be grown on the same type of land, a decrease in the price of peaches, other things being equal, will cause a(n):
a. upward movement along the supply curve for oranges.
b. downward movement along the supply curve for oranges.
c. rightward shift of the supply curve for oranges.
d. leftward shift of the supply curve for oranges.