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Author Question: An increase in technology will shift the good's supply curve rightward. Indicate whether the ... (Read 54 times)

bobypop

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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


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bd5255

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


bobypop

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
Wow, this really help

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