An increase in technology will shift the good's supply curve ...

[bobypop]

An increase in technology will shift the good's supply curve rightward.
 
  Indicate whether the statement is true or false

Question 2

In a perfectly competitive market, technological advances bring ________ economic profits for producers and ________ lower prices for consumers.
 
  A) permanent; permanently
  B) permanent; temporarily
  C) temporary; permanently
  D) temporary; temporarily

[bd5255]

Answer to Question 1

TRUE

Answer to Question 2

C

[bobypop]

YES! Correct, THANKS for helping me on my review

[debra928]

TYSM