Author Question: An increase in technology will shift the good's supply curve rightward. Indicate whether the ... (Read 90 times)

bobypop · **on:** Jun 29, 2018

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