$$\begin{array} { | c | c | c | }
\hline \text { Price Per Unit } & \text { Quantity Supplied } & \text { Quantity Demanded } \
\hline \$ 10 & 100 & 295 \
\hline 11 & 150 & 275 \
\hline 12 & 190 & 250 \
\hline 13 & 220 & 220 \
\hline 14 & 245 & 180 \
\hline 15 & 265 & 135 \
\hline
\end{array}$$ If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be
A) $11.
B) $12.
C) $13.
D) $14.

Question

$$\begin{array} { | c | c | c | } 
\hline \text { Price Per Unit } & \text { Quantity Supplied } & \text { Quantity Demanded } \
\hline \$ 10 & 100 & 295 \
\hline 11 & 150 & 275 \
\hline 12 & 190 & 250 \
\hline 13 & 220 & 220 \
\hline 14 & 245 & 180 \
\hline 15 & 265 & 135 \
\hline
\end{array}$$ If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be
A) $11.
B) $12.
C) $13.
D) $14.

Quizplus · Accepted Answer

The Answer of $$\begin{array} { | c | c | c | } 
\hline \text { Price Per Unit } & \text { Quantity Supplied } & \text { Quantity Demanded } \
\hline \$ 10 & 100 & 295 \
\hline 11 & 150 & 275 \
\hline 12 & 190 & 250 \
\hline 13 & 220 & 220 \
\hline 14 & 245 & 180 \
\hline 15 & 265 & 135 \
\hline
\end{array}$$ If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be
A) $11.
B) $12.
C) $13.
D) $14.

If a Technological Advance Lowers Production Costs Such That the \hline

If a Technological Advance Lowers Production Costs Such That the
\hline