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Author Question: The development of new technology typically: a. shifts the supply curve to the right. b. reduces ... (Read 37 times)

Mimi

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on: Jun 30, 2018
The development of new technology typically:
 a. shifts the supply curve to the right.
  b. reduces profits.
  c. results in a downward movement along a supply curve.
  d. increases costs of production.
  e. shifts the demand curve to the right.

Question 2

A change in supply cannot be caused by a change in:
 a. resource prices.
  b. technology.
  c. prices of other goods.
  d. the price of the good itself.
  e. the number of suppliers.


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iman

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Mimi

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Reply 2 on: Jun 30, 2018
Gracias!

pratush dev

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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