Author Question: The development of new technology typically: a. shifts the supply curve to the right. b. reduces ... (Read 34 times)

Mimi · **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.